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Essar Oil News
India, Russia sign key defence, economic pacts
Sat, Oct 15, 2016
India and Russia on Saturday signed 16 key agreements, including a pact on missile sales and a joint venture (JV) for manufacturing helicopters, as the two countries further boosted their military ties.
India's Sept Iran oil imports fall 4.1% on Aug, says shipping data
Wed, Oct 12, 2016
India's purchases of Iranian oil fell 4.1% in September, slipping from August when imports from Tehran hit their highest in at least 15 years, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.
Monsoon to keep India's diesel exports near three-year high
Thu, Sep 22, 2016
The increase in shipments from the world`s no. 3 oil consumer has driven the profit margin for refining diesel in Asia to a seasonal six-year low.
Essar Oil's fuel exports to fall in 2018-19 as focus shifts to local sales
Sun, Aug 07, 2016
Indian refiner Essar Oil's fuel exports will sharply drop in 2018/19 as it ramps up local sales by doubling its retail network and turns some of its naphtha into profitable gasoline, its managing director said.
As a goodwill gesture, India to pay 1.5% interest on Rs 43,000 crore Iran oil dues
Tue, May 03, 2016
"Although we believe there is no interest due, but as a goodwill gesture oil companies have agreed to pay the interest rate," a Finance Ministry official said. "Seven days US Libor plus 75 basis points equals to an interest rate of about 1.5 %."
India ready to clear Rs 43,000 crore of Iran's oil dues
Sun, May 01, 2016
Refiners like Essar Oil and Mangalore Refinery and Petrochemicals Ltd (MPRL) owe nearly $6.5 billion in dues to Iran.
Reliance Industries plans to open more filling stations at end of FY17
Sun, Apr 24, 2016
Reliance Industries, which has a licence to run as many as 5,000 filling stations, had set up 1,433 pumps in the early part of the last decade.
Reliance buys Iranian oil after a six-year break
Sun, Apr 24, 2016
Reliance Industries Ltd (RIL), which operates the world's biggest refining complex at Jamnagar in Gujarat, is looking at quickly ramping up purchases to the earlier levels of about five million tonnes a year.