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Oil Refinery News
Oil supply to Indian refineries is adequate: Government
Tue, Apr 23, 2019
Iran is also a commercially attractive oil exporting country as it offers better terms for oil to India including a 60-day credit period and discounts on oil and insurance.
Saudi Arabia to set up $10 billion oil refinery in Pakistan
Sun, Jan 13, 2019
"Saudi Arabia wants to make Pakistan`s economic development stable through establishing an oil refinery and partnership with Pakistan in the China Pakistan Economic Corridor," Saudi Energy Khalid al-Falih told reporters in Gwadar.
Infra growth slows down to 4.8 pct in Oct; coal, steel, cement production rise
Fri, Nov 30, 2018
The combined Index of Eight Core Industries stood at 134.8 in October 2018, which was 4.8 per cent higher as compared to the index of October 2017. Its cumulative growth during April to October 2018-19 was 5.4 per cent.
Ratnagiri refinery: Indian Oil, others set up panel to settle land acquisition issues
Mon, Sep 24, 2018
For the project, IOC, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have come together. Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) of UAE too have picked up a stake in the project.
Land acquisition woes thwart India's mega refinery plan with Saudi Aramco
Thu, May 17, 2018
Thousands of farmers oppose the refinery and are refusing to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood. "We earn enough to fulfil our needs and we do not want to surrender our lands for a refinery at any cost," says Sandesh Desai, standing amid his fruit-laden mango orchard in Nanar, a village in Ratnagiri district, some 400 km (250 miles) south of Mumbai.
Oil Minister Dharmendra Pradhan defends mega oil refinery amid e-vehicle push
Tue, Nov 28, 2017
Oil Minister Dharmendra Pradhan today strongly defended plans to build the Rs 2.7 lakh crore oil refinery on the west coast by 2022 despite the push for electric vehicles, saying that India needs multi-source fuels to meet its fast-growing energy needs.
Reliance completes sale of 76% interest in Gulf Africa Petroleum Corporation
Wed, Mar 29, 2017
Indirect wholly owned subsidiary of Reliance Industries Limited (RIL), Reliance Exploration & Production DMCC (REPDMCC) announced on Wednesday that it completed the transaction for sale of its interests in Gulf Africa Petroleum Corporation (GAPCO).
8 injured in flash fire at Reliance Jamnagar refinery
Thu, Nov 24, 2016
Eight contract workers have been injured in Reliance’s Jamnagar-based oil refinery on Thursday morning.
Oil edges lower amid scepticism about output freeze
Wed, Sep 07, 2016
Oil prices inched lower on Wednesday as market participants remained sceptical that producers will reach an agreement to freeze output to rein in a global supply glut.
Reliance to shut Jamnagar refinery in May for maintenance
Mon, Apr 18, 2016
Reliance Industries , operator of the world`s biggest refining complex, plans to shut a crude unit from May 1 for three weeks of maintenance, it said in a statement on Monday.