News Brief Jul 01, 2014 Bengal, IOL lock horns over Haldia State-owned Indian Oil Corporation (IOC) has rued that the West Bengal government has assured prospective bidders that the contentious bundle of 155 million shares of Haldia Petrochemicals belonged to them, which was coming in the way of closing the transaction process.
News Brief Mar 01, 2014 HPCL to buy more Iraqi oil on longer credit terms Hindustan Petroleum Corp Ltd aims to raise crude imports from Iraq's national oil company by 8 per cent to about 65,000 barrels per day (bpd) in 2014-15 as it takes up better terms offered by Baghdad. Iraq is offering 60 days' credit on purchases, up from 30 days previously, HPCL's director of refineries BK Namdeo said. HPCL bought 60,000 bpd from Iraq in the year ending 31 March 2014. Iraq has also confirmed the extended credit period, which it first suggested in November, to Indian Oil Corpora
News Brief Feb 01, 2014 MoEF committee gives clearance for Indian Oil LNG project in Tamil Nadu A committee under the Ministry of Environment and Forests has given Coastal Regulation Zone (CRZ) clearance to Indian Oil Corporation for setting up of 5 mt LNG terminal at Ennore in Tamil Nadu. The Expert Appraisal Committee, which met last month, said all the issues raised in the public hearing held in September were addressed by the PSU. Precautionary measures shall be put in place to prevent leakage of LNG due to any disasters including tidal/tsunami wave, seismic and other natural calamitie
News Brief Jan 01, 2014 BJP leader urges Veerappa Moily to fast-track Paradip PCPIR project Senior BJD leader and Lok Sabha MP, Baijayant Panda urged Union Petroleum and Natural Gas Minister M Veerappa Moily to fast-track the Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) project at Paradip in Odisha.
News Brief Jul 01, 2013 IOC to sign pact with ennore port for 43 bn LNG project Indian Oil Corporation (IOC), which has proposed to set up a Rs 4,320-crore liquefied natural gas (LNG) plant at Ennore would soon enter into an agreement with the Ennore Port to secure 132 acre of port land for the project.
News Brief Jul 01, 2013 IOC to sign pact with ennore port for 43 bn LNG project Indian Oil Corporation (IOC), which has proposed to set up a Rs 4,320-crore liquefied natural gas (LNG) plant at Ennore would soon enter into an agreement with the Ennore Port to secure 132 acre of port land for the project.
Cover Story Jul 01, 2013 PSUs can save the day PSUs have been largely responsible for canvassing India's growth story and economic cornerstones. In times of economic downturn, they have been a contractor's best bet, being cash-rich and less susceptible to vagaries.
Cover Story Jul 01, 2013 PSUs can save the day PSUs have been largely responsible for canvassing India's growth story and economic cornerstones. In times of economic downturn, they have been a contractor's best bet, being cash-rich and less susceptible to vagaries.