General oil and gas contractor Iranian Offshore Engineering and Construction Company (IOEC) has won the tender for a major Indian offshore oil project, a news report here said.
Cabinet committee on economic affairs (CCEA) may approve this week proposed investment of about $2 billion by three state-run oil companies in Venezuelan oil assets this week. State-run oil companies,
Saudi Aramco, the world’s largest producer and exporter of crude, may invest about Rs 3,000 crore to pick up 10 per cent stake in Indian Oil Corporation (IOC) upcoming refinery
In all likelihood finance minister will announce a decontrol of petrol prices in the budget. Taking effect from April 1, the decontrol will mean an increase in the prices of the fuel.
Government remains undecided on the proposed fuel price hike of petrol diesel kerosene and cooking gas. A meeting between petroleum minister Murli Deora and finance minister
S Sundareshan who took over as petroleum secretary on Monday mooted the idea of uniform gas pricing across the country. He said India required a gas
The country’s largest oil marketing company, Indian Oil Corporation (IOC) has lined up capital expenses of Rs 14,500 crore for the next financial year. In addition, IOC proposes to
The Finance Ministry will give Rs 12,000 crore in cash to Indian Oil, Hindustan Petroleum and Bharat Petroleum to cover for less than half of the losses they incurred on
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