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Result(s) found: 26
Indian Sector Outlook Stable: Fitch Ratings
December 2017
Fitch expects Indian state-owned oil and gas companies to undergo large debt-funded consolidation in 2018
Energy efficient products at petrol pumps| EESL
August 2017
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
July 2017
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
November 2016
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.
Govt could save Rs.2,000 crore on LPG subsidy through sustained LPG price hikes
September 2016
The government could save petroleum under-recoveries to the tune of Rs.910 crore in the current financial year if the price of subsidised cooking gas or Liquefied Petroleum Gas (LPG) is raised by Rs.1.95 per cylinder per month till March 2017.
Ministry not considering merger of 13 oil PSUs | Pradhan
September 2016
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).
Management Stalwart
August 2016
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
April 2016
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.
Green approval: BPCLs petrochem project in Kochi gets a boost
June 2015
The Rs 4,600-crore petrochemical project of BPCL Kochi Refinery has received a boost with environmental clearance accorded by the Centre.
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