India’s leading state-owned refiner, Indian Oil Corp, has bought 1.0 million barrels of Tunisia’s Zarzaitine crude in its fourth tender to buy September-loading sweet crude, trade sources said. IOC purchased the cargo from Algerian state-owned Sonatrach at a premium of 85 to 90 cents to dated Brent. For full story, click here
Mangalore Refinery and Petrochemicals Ltd, the refining unit of Oil and Natural Gas on Thursday declared that it has reached an understanding on a deal to purchase crude oil from Rajasthan fields of Cairn India. For full story, click here
Mangalore Refinery and Petrochemicals Ltd., a unit of India’s Oil and Natural Gas Corp., declared that it plans to invest INR18 billion to set up a 440,000-ton-per-annum polypropylene plant. For full story, click here
India’s Mangalore Refinery and Petrochemical Ltd has aimed to process at least 12.4 million tonnes of crude oil in the fiscal year ending March 2010, Managing Director U.K. Basu told reporters on Thursday. For full story, click here
India’s state-run Hindustan Petroleum Corp has purchased via tender a cargo of Brunei’s Seria Light crude for September loading. For full story, click here
Cairn India’s crude from its new output facility in Rajasthan, when refined, will provide fuel for a 3.4 million cars each day, averaging about 150 litres per car per month. Alternatively, it can also yield enough LPG to fill 4.5 million domestic cylinders per month at the rate of 14.2 kg per cylinder. For full [...]
India’s 10-year bonds gained after crude oil slipped below $60 per barrel for the first time since May, tempering concern that local fuel prices will increase and lead to inflation. For full story, click here
India’s Mangalore Refinery and Petrochemicals Ltd. has issued a tender to purchase 650,000 barrels of crude oil for Sept. 1-15 loading. For full story, click here
India’s Mangalore Refinery and Petrochemicals Ltd. has issued a tender to purchase 650,000 barrels of crude oil for Sept. 1-15 loading. For full story, click here
Malaysian crude palm oil futures bounced off 3-month lows on Monday as India left import duties unchanged for vegetable oils, although sharply lower crude oil dented investor sentiment. For full story, click here
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