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Indian Oil to invest Rs. 500 crore in Karnataka.

Indian Oil Corporation (IOC), a public sector oil marketing major, plans to invest ₹500 crore at Chitradurga in Karnataka. The company said the investment is for setting up a terminal for receiving,... Full Story

BPCL-Kochi Refinery’s second petrochem project to start in 2022.

BPCL-Kochi Refinery is going ahead with its second petrochemical project to produce polyols at an investment of ₹11,300 crore. An import... Full Story

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IOC gets "green nod" for storage and distribution terminal in Telangana.

The Expert Appraisal Committee under the Environment Ministry has given "green signal" to Indian Oil Corporation Ltd. for setting up a grass root petroleum... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

IOCL Mathura refinery starts 100% BS-VI fuels production
Indian Oil Corporation's Mathura refinery completed the revamp of its all units to produce BS-VI grade fuels ahead of the deadline for roll out of newer emission norms from... Full Story
RIL-BP JV to start new production from KG D6 project by mid 2020.
The RIL-BP joint venture today confirmed that it has completed the safe cessation of production in a planned manner, from the D1 D3 field in... Full Story
Gas grid to be expanded to 27,000 km, pricing reforms in offing.
Finance Minister Nirmala Sitharaman recently laid down plans for expansion of national natural gas pipeline network to 27,000 km from the present 16,200 km and pricing reforms as the... Full Story
GAIL, regulator at odds over Rs 1.5K crore pipeline.
GAIL and the downstream regulator are headed for a clash after the latter cancelled the state-run firm’s sole bid to lay a Rs 1,500-crore pipeline... Full Story
Oil block bid round under revamped rules almost flops, gets 8 bids for 7 blocks.
India's offer of seven oil blocks on revamped licence terms attracted just eight bids from state-owned firms including six single bids in the latest licensing round ignored... Full Story
Biofuel planes may fly 10 crore passengers by 2030.
India has committed to fly 10 crore passengers on biofuel-propelled planes by 2030, SpiceJet’s chairman and managing director, Ajay Singh said at UN’s SDG Climate... Full Story
Oil and gas sector expects 5% GST to favour hydrocarbon exploration.
The move to fix the Goods and Service Tax (GST) rate at 5 per cent on certain goods used for oil exploration is expected to... Full Story
Progress of setting up of Barmer Refinery.
Hindustan Petroleum Corporation Limited (HPCL) hasinformed that there are no roadblocks in setting up the 9 MMTPA Refinery-cum-petrochemical complex at an approved cost of Rs.... Full Story