A consortium of Oilex of Australia, Videocon Industries, Gas Authority of India, Bharat Petro Resources and Hindustan Petroleum are re-evaluating their commitment to exploration block no 56 in Oman, which it won in 2006 from the Sultanate of Oman for around Rs 220 crore. For full story, click here
Articles Tagged "block"
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
The government announced that it is mulling allowing Cairn India to export crude oil from the Rajasthan fields, having found buyers of even less than one-third of the company’s planned peak output from the blocks. For full story, click here