IOCL, BPCL, HPCL to build LPG pipeline from Gujarat to UP

State owned oil and gas company Indian Oil Corporation Ltd (IOCL) said that it has entered into a joint venture with Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) for the implementation and operation for a 2,757-km long LPG pipeline from Kandla, Gujarat to Gorakhpur, Uttar Pradesh. While Indian Oil Corporation will […]

Sheikhpura, Jamui, Deoghar included in tomorrow’s city gas bidding

GAIL India, the country’s largest pipeline operator, said the government has decided to include two additional districts of Bihar — Sheikhpura and Jamui — and one more district in Jharkhand — Deoghar — in the 10th round of bidding for setting up of city gas distribution networks. The ninth round of bidding, for 86 ‘geographical […]

DIESEL PRICE CUT: After Airtel & Idea, Reliance to target IOCL, HPCL, BPCL?

Reliance Industries, which started giving a discount of Re 1 on every liter of diesel sold through its pumps in January, has now started advertising the offer in Kerala.┬áThe discount was first noticed in January in North and West Indian towns. The move was, at the time, not taken very seriously by players such as […]

India Oil, BPCL, HPCL merger will reduce wastage of resources- Fitch

A proposed merger of Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp will reduce inefficiencies across the sector and result in enormous savings, ratings agency Fitch said. It would also create an entity that is better placed to compete globally for resources, and less vulnerable to shifts in oil prices and give it […]

India to acquire stake in Russian oil fields, to invest US $3.2 billion

Indian government approved the acquisition of stakes in two Russian oil fields for US $3.2 billion. A consortium of Oil India Limited, Indian Oil Corporation Limited and Bharat Petro Resources Limited (BPRL) will acquire 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from Rosneft Oil Company, the National Oil Company […]