The Vadinar refinery in Gujarat currently operates at a capacity of 7.5 million tonnes and it is expected to reach its full capacity of 10.5 million tonnes by October.
Around 5,000 Shia Muslims and 162 Hindus have agreed and are ready to go to Iraq.
Sunni rebels from the Islamic State of Iraq and Syria -- who have stormed Iraq's big cities like Mosul and Tikrit, taken over its largest oil refinery and slowly marching on to Baghdad, leaving a trail of blood and death -- as a part of its image-building has done something only major corporations do at the end of the year: issues annual reports, outlining its attacks, assassinations and terror acts.
The fertiliser and power companies say that the cost of gas would be too high, making operating on gas economically unviable.
Ajit Motwani of Sharekhan picks some smallcap stocks with potential. Motwani likes Ratnamani Metals, WS Industries and Transport Corporation of India.
India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.
Thanks to a $5.7 billion deal with Facebook, a Rs 53,125 crore rights issue and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December.
Hindustan Petroleum Corporation, the state-owned company, could find itself becoming a major player in the oil and gas sector both within the country and overseas with huge capital being pumped in by the L N Mittal-promoted Mittal Investments.
Analysts are enthused by BPCL's upstream foray and have re-rated the stock in the past couple of years.
India-born billionaire Lakshmi N Mittal's proposed Rs 3,365 crore investment in Hindustan Petroleum Corp Ltd's Bhatinda refinery in Punjab will have to wait for government approval as the Cabinet did not take up the issue on May 24.
The Sensex resumed lower at 28,566.50 and dropped further to 28,183.32 before finishing at 28,227.39, showing a loss of 490.52 points or 1.71 per cent.
Indian Oil Corporation on Friday offered a stake to Kuwaiti companies in its upcoming petrochemical plant at Panipat and the proposed refinery at Paradip.
US President Barack Obama will honour three Indian Americans among others for their innovative and path breaking startups.
Riddhi Shah shares her 2 States story! Share yours too!
Larsen and Toubro Ltd said on Monday it has bagged Rs 800-crore (Rs 8 billion) contract from Reliance Industries Ltd for construction services and supply of electrical systems for its SEZ refinery and petrochemical project in Jamnagar, Gujarat.
The company's investments in telecom business reached 15-20% of capital employed.
The only fuel that showed growth was LPG as the government dole of free cooking gas cylinders to poor households fired up consumption by 21 per cent during April 1 to 15.
Hindustan Petroleum Corporation is all set to sell half its stake in the Vishakapatnam refinery to French firm Total SA, which will bring in Rs 6,000 crore (Rs 60 billion).
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
In many cases, all that is required is a final letter from the ministry
Revenue jumped 54.5 per cent to Rs 156,291 crore.
An empowered group of ministers headed by Defence Minister A K Antony is to consider an Oil Ministry proposal of abolishing the priority ranking later in the day, according to which natural gas is first given to urea manufacturing fertiliser plants, then to LPG units, followed by power plants, city gas, steel and refineries.
Import is returning to the normal prevailing three years ago
State-owned Oil and Natural Gas Corporation has bid to participate in Angola's $3.75-billion Sonaref project for building a 10 million tonne refinery at Lobito.
A preliminary deal for sale of 49 per cent in Essar Oil to Rosneft was signed between the companies in July 2015.
A major reason for the decline in the consumption of kerosene was an increase in the number of LPG consumers in rural India after the government launched the Pradhan Mantri Ujjwala Yojana. in 2016.
On Sunday, angry villagers of Leelala laid their own foundation stone - which had 'aam aadmi' inscribed as the name of the chief guest - still claiming the project was to come up in their village.
Business opportunity after phased diesel deregulation the main trigger.
State-run Hindustan Petroleum Corp Ltd plans to invest over Rs 13,000 crore to raise the capacity of its Vizag refinery and set up an aromatic plant there.
Prime Minister on Friday said his government has unshackled several stalled projects across the country.
Hindustan Petroleum Corporation Ltd and British oil giant British Petroleum will decide on signing a binding agreement for a new refining and marketing joint venture vehicle to build a nine million tonne refinery at Bhatinda in Punjab by November 12.
Crude oil futures again flirted with the $60 a barrel mark Friday as prices rose on speculative buying and fears of supply disruptions due to refinery glitches.
