The government will press ahead with its stalled privatisation programme and sell stakes in two refiners, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd, Divestment Minister Arun......
National carrier Air India owes about Rs 2,000 crore (Rs 20 billion)in jet fuel dues to state-run oil marketing companies without even bank guarantees.While Air India owes about Rs 300 crore (Rs 3......
GAIL (India) Ltd and its partnerson Wednesday signed the Exploration and Production Sharing Agreementwith government of Oman for Block 56 in Muscat.The consortium consisting of GAIL, Oilex......
The Oil and Natural Gas Corp has asked the government to review the scheme of sharing of liquefied petroleum gas and kerosene subsidy with upstream firms and said the scheme should not be extended......
Contrary to popular perception of public sector oil firms making huge profits on selling petrol and diesel by gold plating the cost, Indian firms have second lowest refinery and marketing margins -......