Energy efficient products at petrol pumps| EESL
EESL has signed an MoU with oil marketing companies under the Ministry of Petroleum and Natural Gas (MoPNG) for distribution of energy efficient appliances under the flagship UJALA scheme.
Indian PSU giants to sign JV for largest refinery
The three heavy-weights of the Indian downstream sector - Indian Oil Corporation (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum (BPCL) - will sign an JV to create the world’s largest refinery-cum petrochemicals complexwith a refining capacity of 60 MMTPA.
Oil India eyes stake in Russia´s Vankor cluster oilfields
A consortium led by Oil India Ltd is eyeing stake in Russia´s Vankor cluster oilfields to consolidate its presence in Arctic region. OIL, IOC and BPCL is looking at buying a stake in Suzunskoye, Tagulskoye and Lodochnoye fields - collectively known as Vankor Culster, sources said.
Ministry not considering merger of 13 oil PSUs | Pradhan
Petroleum Ministry is not considering any proposal to merge 13 state-owned oil PSUs like ONGC, IOC and GAIL to create a behemoth, Oil Minister Dharmendra Pradhan said. ´Ministry is not considering any proposal (for merger).
D Rajkumar has been appointed as Chairman and Managing Director of Bharat Petroleum Corporation Ltd (BPCL). He has been recommended by Public Enterprises Selection Board (PESB), the government´s headhunter. Rajkumar is, at present, working as Managing Director of Bharat Petro Resources Ltd, a unit of BPCL focused on exploration and production.
OVL to buy 35percentage additional stake in Vankor
ONGC Videsh Ltd. (OVL), along with Indian Oil Corporation (IOC), Oil India (OIL) and Bharat Petroleum Corporation Ltd. (BPCL), plans to buy an additional 35 per cent stake in Russia´s Vankor oil field in Siberia for nearly $3 billion.
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