Reliance Industries chairman Mukesh Ambani will forego his salary in the wake of the coronavirus pandemic that has gripped the nation and forced a lockdown in the country until 3 May
India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown
The country's biggest oil firm Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain a leadership position, its Chairman Sanjiv Singh said
State-owned Indian Oil Corporation (IOC) on Wednesday reported a 47 percent drop in its first-quarter net profit due to fall in refinery margins and inventory gains
Opposition from farmers has prompted Maharashtra to move the location for what would be the country's biggest oil refinery
Saudi Aramco in talks with Reliance Industries for joint investment in petrochemicals, refinery projects
Saudi Aramco, the world's largest oil exporter, on Wednesday said it is in talks with Reliance Industries and other Indian companies for investing in petrochemicals and refinery projects in the country
Reliance Industries, Saudi Arabia in talks for refinery, petrochem project says oil minister Khalid al-Falih
Saudi Arabia is keen to get a foothold in the world's fastest-growing fuel market so as to get a captive customer for crude oil it produces.
Infrastructure growth jumps to 7-month high of 6.7% in June; cement, refinery, coal sector performs better
The previous high rate of growth was recorded in November 2017 at 6.9 percent.
ADNOC joins Saudi Aramco, the world's largest oil producer, in the project which is planned to come on stream by 2025
State-owned IOC, BPCL and HPCL will hold the remaining 50 percent stake in the project
Govt prepared to grant Aramco 50% stake in west coast refinery; deal to be announced soon, say sources
Aramco, the world’s biggest oil producer is moving to invest in refineries overseas to help lock in demand for its crude, and expand its market share ahead of an initial public offering next year.
At Bengal investment summit, Adani group pledges Rs 750 cr to double capacity of edible oil refinery in state
In power sector, Adani group said, they are keen in offering their expertise in transmission and renewable energy.
OPEC should go for 'responsible pricing', consider India as preferred sales destination, says Pradhan
India sources about 86 percent of crude oil, 75 percent of natural gas and 95 percent of LPG from OPEC member countries.
The Board of Directors of Chennai Petroleum had in April this year recommended setting up a new 9 million tonnes a year refinery at an estimated cost of Rs 27,460 crore
Reiterating New Delhi's decade-old demand, Oil Minister Dharmendra Pradhan said OPEC should work towards "responsible price", which would allow major consuming countries to provide energy to the common people
Reliance Industries' Q3 net rises 3.6% to Rs 7,506 cr on strong global demand for transportation fuels
Net profit of Rs 7,506 crore, or Rs 25.4 a share, in October-December, was 3.6 percent higher than Rs 7,245 crore, or Rs 24.5 per share, in the same period a year back
It has also earmarked sums for investments in petrochemicals and natural gas.
The output expanded 5.5 percent from a year ago between April and May
Oil prices rose by almost a third between January and February on the back of supply disruptions in the Middle East, strong winter demand and high refinery margins. That followed a rout that had seen price falls of around 60 percent between June 2014 and January 2015.
RIL which reported its first decline in quarterly net profit in over two years, is likely to see upside when its $16 billion expansion projects are completed and telecom venture is rolled out, analysts said.