Oil & Gas-Energy-News By Industry-News-The Economic Times

India seeks at least 2.6 mn bbl extra Saudi oil in March: Sources

Fri, 10 Feb 2012 08:18:25 GMT

Refiners have sought at least 2.6 million barrels extra supplies from Saudi Aramco for March, sources familiar with the plan said.India seeks at least 2.6 mn bbl extra Saudi oil in March: Sources

HPCL seeks tax rebate on Iran oil payment in rupees

Thu, 09 Feb 2012 14:29:33 GMT

State-run Hindustan Petroleum Corp said Indian firms cannot pay for Iranian crude imports in rupees unless the federal finance ministry exempted such payment from hefty taxation.HPCL seeks tax rebate on Iran oil payment in rupees

India to give 150 billion rupees subsidy to state refiners in Q3-HPCL

Thu, 09 Feb 2012 11:42:46 GMT

Finmin has agreed to pay 150 billion rupees as cash subsidy to state-run oil refiners for the Oct-Dec quarter, said B. Mukherjee, DoF, HPCL.India to give 150 billion rupees subsidy to state refiners in Q3-HPCL

BPCL sees its sales premium at record levels

Thu, 09 Feb 2012 05:52:00 GMT

BPCL sold a March naphtha cargo to Vitol at about $37 a tonne to Middle East quotes on a FOB basis, making this the highest premium the refiner had received so far.BPCL sees its sales premium at record levels

Oil ministry shunts key babus in exploration unit who handled deals like Cairn-Vedanta, Reliance-BP

Wed, 08 Feb 2012 21:08:56 GMT

After the third shakeup since Reddy replaced Murli Deora as min in Jan last year, the ministry has a new set of bureaucrats in all key positions.Oil ministry shunts key babus in exploration unit who handled deals like Cairn-Vedanta, Reliance-BP

Domestic gas prices should be aligned with international rates: Montek Singh Ahluwalia

Wed, 08 Feb 2012 06:35:47 GMT

Planning Commission deputy chairman Montek Singh Ahluwalia said domestic gas prices should be aligned with international rates.Domestic gas prices should be aligned with international rates: Montek Singh Ahluwalia

Reliance Industries in talks with airlines for fuel supply

Wed, 08 Feb 2012 06:54:47 GMT

(image) RIL is in talks with India's major airlines to provide jet fuel infrastructure and transport services, the company said on WednesdayReliance Industries in talks with airlines for fuel supply

India to pay in rupees for 45% of Iran oil imports

Wed, 08 Feb 2012 01:56:27 GMT

Iran said on Tuesday that it has agreed to India's proposal for a crude payment mechanism under which India will pay for 45% of its imports from Iran through the Indian rupee. India to pay in rupees for 45% of Iran oil imports

Oil ministry renews plans to penalise RIL for D6 gas output fall

Tue, 07 Feb 2012 22:37:06 GMT

(image) The oil ministry is making a fresh attempt to financially penalise Reliance Industries for the fall in natural gas output from the D6 block. Oil ministry renews plans to penalise RIL for D6 gas output fall

India firms want tax exemptions on rupee payment for Iran oil

Tue, 07 Feb 2012 12:51:39 GMT

(image) Indian refiners are keen to use the new mechanism using rupees as they suspect the current payment route through Turkey may close due to global sanctions.India firms want tax exemptions on rupee payment for Iran oil

ONGC GM-Civil taken into CBI custody

Tue, 07 Feb 2012 12:13:58 GMT

ONGC General Manager-Civil P K Bora was taken into CBI custody for allegedly taking bribe from a contractor today in his office here in upper Assam.ONGC GM-Civil taken into CBI custody

Govt rejects RIL demand for KG-D6 gas price revision

Tue, 07 Feb 2012 10:45:53 GMT

The government has rejected Reliance Industries' demand for a revision in the KG-D6 gas price.Govt rejects RIL demand for KG-D6 gas price revision

India to make 45 pc Iran oil payments in rupees: Envoy

Tue, 07 Feb 2012 10:36:23 GMT

Iran's oil sales to India have been fraught with payment problems in the past 13 months after a clearing mechanism was scrapped and Indian refiners have sought alternative supplies.India to make 45 pc Iran oil payments in rupees: Envoy

Oil and gas firms want LNG price for domestic gas

Tue, 07 Feb 2012 09:20:04 GMT

AOGO has demanded that price of domestically produced natural gas should be indexed to rate at which LNG is imported in the country.Oil and gas firms want LNG price for domestic gas

Iran sets one-month deadline for India to sign oil field pact

Mon, 06 Feb 2012 23:55:55 GMT

The latest round of embargo against Iran by the US and the EU has added to India's problems, making it difficult to buy Iranian crude.Iran sets one-month deadline for India to sign oil field pact

Comments (0) - Read and Add your own Comments