Foreign exchange gains, lower interest coupled with inventory gains have helped Indian Oil Corporation Ltd post a nine-fold jump in net profit for the first quarter of the current fiscal. For full story, click here
Continue reading "Indian Oil Pumped Up Nine-Fold Surge in Q1 Profits"
Thursday, August 20, 2009
The Indian unit of U.K.-listed Cairn Energy PLC declared that it was on the verge of commencing oil production in the western state of Rajasthan. For full story, click here
Continue reading "Cairn India is on a Verge of Commencing Rajasthan Crude Ops"
Thursday, August 6, 2009
The government has nominated Indian Oil Corp, Hindustan Petroleum Corp. and Mangalore Refinery and Petrochemicals for purchasing crude oil from Cairn India’s Rajasthan fields. For full story, click here
Continue reading "IOC, HPCL, MRPL will purchase Crude from Cairn’s Rajasthan Fields"
Wednesday, July 22, 2009
Indian Oil Corporation Ltd will purchase oil from Cairn India’s Rajasthan field at a discounted price to Nigerian Bonny Light crude. For full story, click here
Monday, July 20, 2009
Indian Oil Corporation Ltd will purchase oil from Cairn India’s Rajasthan field at a discounted price to Nigerian Bonny Light crude. For full story, click here
Continue reading "IOC will purchase Cairn Crude Oil at discount to Nigeria"
Friday, June 19, 2009
Indian Oil Corp., the nation’s biggest refiner, will raise spending 23 percent to boost capacity even as it borrows more to cover losses from selling fuels below the cost of crude oil. For full story, click here
Continue reading "Indian Oil is planning to spend $2.8 bln on expansion"
Wednesday, June 10, 2009
Indian refiner Bharat Petroleum Corp will continue to purchase crude from Iran this fiscal year at 250,000 tonnes, its chairman declared on Tuesday, dismissing earlier reports that it may stop the purchase. For full story, click here
Continue reading "BPCL will continue with Iran Oil Buys This Year"
Monday, June 1, 2009
India’s leading state-owned refiner, Indian Oil Corp, has issued a second tender to purchase August sweet crude, after having bought four million barrels last week. For full story, click here
Continue reading "Indian Oil Corp. has sought more August Crude"
Tuesday, May 12, 2009
Bongaigaon Refinery and Petrochemicals, a subsidiary of Indian Oil Corporation dcelared that it has been nominated by the Government as the agency to receive crude oil from Cairn India’s Ravva oilfield in the Krishna-Godavari basin. For full story, click here
Continue reading "Bongaigon Refinery will receive Cairn’s Ravva Crude"
Monday, May 4, 2009
The first oil drilling rig to be built at an Indian yard has missed the delivery deadline, casting doubts on the ability of local shipbuilders to build such vessels on time and establish themselves in an area considered the exclusive domain of a few globally. For full story, click here
Continue reading "First Oil Drilling Rig being built in India jumped deadline"
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Thursday, August 20, 2009