IOC signs $1.5 bn deal to buy US crude oil
This is the first time any Indian refiner has signed an annual contract since the country in 2017 began importing crude oil from the US.
Feb 18, 2019, 18:19 PM IST
Oil cos not to recoup losses arising from Re 1/ltr subsidy on petrol, diesel
IOC along with Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) took a hit of about Rs 4,500 crore from absorbing Re 1 a litre hike.
Jan 03, 2019, 10:59 AM IST
Sensex ends higher for third session; oil refiners gain
Indian shares ended higher on Friday, posting a third straight session of gains, as lacklustre U.S. data helped ease investors` fears over the likelihood of an interest rate hike by the Federal Reserve next week.
Sep 16, 2016, 16:05 PM IST
IOC, BPCL clinch deal with RIL, Essar to restart diesel buy
New Delhi: State-owned IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar Oil to resume buying petrol and diesel from private refiners on revised terms.
Jun 07, 2016, 17:58 PM IST
Oil diplomacy: Pradhan to visit Mozambique next month
Oil Minister Dharmendra Pradhan is likely to visit Mozambique next month to press the African nation to quickly ratify a law that will help Indian firms proceed with multi-billion dollar gas project.
Mar 17, 2015, 16:52 PM IST
BPCL plans Rs 23,000-cr capacity expansion at Bina refinery
Bharat Petroleum Corp Ltd (BPCL) plans to more than double capacity of its Bina refinery in Madhya Pradesh to 15 million tonnes at a cost of about Rs 23,000 crore.
Jan 14, 2015, 21:47 PM IST
Petrobras and Videocon JVfind more oil in Brazil
Brazil`s state-run oil company Petroleo Brasileiro SA and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil`s Northeast coast, according to a securities filing on Thursday.
Jan 09, 2015, 11:58 AM IST
Fuel cos absorbed Rs 26.6K cr losses on sales in 5 yrs: OilMin
With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore over 5 years, Oil Ministry has defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales during that period.
Oct 02, 2014, 18:39 PM IST
Technology deal for Kochi petchem plant in 2-3 months: BPCL
Bharat Petroleum Corp has decided to buy outright the critical technology to make specialty chemicals and expects to conclude a deal over the next few months, after its efforts to get a technology partner for Rs 5,000-crore petchem project in Kochi did not materialise.
Sep 19, 2014, 22:31 PM IST
