Rosneft to tap retail fuel market| Pradhan
Union Petroleum Minister Dharmendra Pradhan said that Russian oil giant Rosneft has planned to tap the retail fuel market in India in a big way. "Rosneft, the Russian oil major, who recently took over Essar Oil, are planning in a big way to tap retail fuel market in India," Pradhan said.
Rosneft to acquire Essar Oil for $12-$13 billion
A group led by Russian oil major Rosneft will acquire India´s Essar Oil in a $12 to $13 billion deal including debt, two sources privy to the deal said, strengthening the ties between the world´s largest oil producer and the world´s fastest growing fuel consumer.
India´s oil cos plan Rs.3.4 trillion investments
During the Eleventh Plan period (2007-2012), domestic oil and gas players exceeded the planned capital expenditure outlay. They invested Rs 2,751.6 billion, 120 per cent of the planned target of Rs 2,289.9 billion.
Govt wooing global oil giants to invest in India
Petroleum and natural gas minister Dharmendra Pradhan wants to make India a refining and petrochemicals hub and is wooing international energy majors such as Saudi Aramco and Sabic to invest in India´s refining and petrochemicals sector
RIL, Essar may resume fuel retailing
Reliance Industries (RIL) and the Ruias' Essar Oil are all set to restart their petro-retail operations as diesel prices are likely to be de-regulated by Diwali.
Oil, gas firms eye Mexican market
Latin American country Mexico is looking at attracting Indian companies to invest in its oil and gas sector. The nation has recently made reforms that would now facilitate foreign companies to pick up stake in energy projects in the country.
Essar Oil board approves delisting from BSE and NSE
Refiner Essar Oil Ltd has said that its board had approved delisting of shares from BSE and NSE of India. Essar Oil, a unit of the diversified Essar Group, said its board had met to decide on the proposal.
Government to take a call on LPG, diesel prices
The outgoing UPA government has recommended a sharp increase in cooking gas and raising diesel prices to international levels in one shot to deregulate the fuel, making it politically easier for the Narendra Modi regime if it wants to undertake politically sensitive measures to cut subsidies. The cabinet had deregulated petrol price in June 2010. It had also approved decontrol of diesel, but this decision was never implemented. If prices are deregulated, it would fully open the fuel retailing ma