Petro Daily Newsletter

Headline Scan Monday -- January 23, 2012 Oil ministry calls for 100% depreciation on gas cylinders Iran Said to Seek Yen Payments From India for Oil Amid Sanctions Crude Declines as European Union Meets on Iran Oil Sanctions, Debt Crisis Land acquisition: HC hikes compensation to farmers Oil Ministry belittles Sonawane's sacrifice Direct ATF import plan sent to GoM With campaign trail on, diesel sales up in Punjab GGCL bidders not keen to pay premium Aegis Logistics expands into marine bunkering sector ONGC and OIL face USD 54 per barrel cap on sales to state refiners Move to regulate margins on sale of LNG could hit Gujarat Gas valuation 1 dead, 5 injured in explosion at MRPL facility Three power projects by Reliance Power, Lanco, GMR idle due to lack of gas Oil confrontation between Iran and Saudi China's crude-oil imports from Iran up 30% Chinese sign off on LNG purchase deal NEPAL : NOC increases transportation cost‚ restarts dual pricing Natural gas futures bounce from lows See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Oil ministry calls for 100% depreciation on gas cylinders New Delhi With state-run oil marketing companies incurring huge under-recoveries, the petroleum ministry has demanded 100 per cent depreciation o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036363   Iran Said to Seek Yen Payments From India for Oil Amid Sanctions Iran has asked India to pay for oil partly in yen as the two nations seek an agreement on how to maintain trade amid tightening global sanctions,... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036366   Crude Declines as European Union Meets on Iran Oil Sanctions, Debt Crisis Oil dropped a fourth day in New York before European Union officials meet to discuss measures to tackle a debt crisis that may curb demand for co... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036379   Land acquisition: HC hikes compensation to farmers New Delhi:  The Delhi High Court has ordered a 10 per cent hike in compensation to farmers for acquisition of their land in three urban vill... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036362   Oil Ministry belittles Sonawane's sacrifice January 25 this year will mark one year of the brutal murder of Maharashtra Additional Collector Yashwant Sonawane but the Government is yet to f... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036364   Direct ATF import plan sent to GoM The Cabinet will soon meet to decide on allowing domestic airline companies to import aviation turbine fuel (ATF) directly, without routing it th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036365   With campaign trail on, diesel sales up in Punjab Diesel consumption has risen sharply by almost 13-14% in the state this month, with poll candidates riding in fuel-guzzling sports utility vehicl... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036367   GGCL bidders not keen to pay premium Starting today, BG Group plc, along with its advisor Citibank, is initiating one-on-one negotiations with potential suitors shortlisted for its 6... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036368   Aegis Logistics expands into marine bunkering sector MUMBAI: Oil and gas sector logistics company Aegis Logistics has entered the marine bunkering sector and will offer fuels and servicing solutions... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036369   ONGC and OIL face USD 54 per barrel cap on sales to state refiners The government plans to cap the price of crude oil sold by ONGC and Oil India to state refiners at USD 54 per barrel this financial year despite ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036370   Move to regulate margins on sale of LNG could hit Gujarat Gas valuation MUMBAI: The government's decision to regulate marketing margins for natural gas will hurt the deal valuation in BG's sale of its 65% stake in Guj... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036371   1 dead, 5 injured in explosion at MRPL facility One person died and five persons were injured in an accident at Mangalore Refinery and Petrochemicals Ltd on Saturday. Four of the injured person... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036372   Three power projects by Reliance Power, Lanco, GMR idle due to lack of gas HYDERABAD: Three gas-based power projects, developed by Reliance Power, Lanco and GMR in Andhra Pradesh that are ready for regular power generati... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036373   Oil confrontation between Iran and Saudi Iranian government must be disappointed because oil prices have not soared as a result of the successive sanctions slapped by the U.S. and Europe... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036374   China's crude-oil imports from Iran up 30% PanARMENIAN.Net - China's crude-oil imports from Iran last year were up 30% from 2010, to 27.76 million metric tons, China's General Administrati... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036375   Chinese sign off on LNG purchase deal SINOPEC has formalised an agreement with Australia Pacific LNG to buy up to 7.6 million tonnes of liquefied natural gas a year, up from 4.3 milli... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036376   NEPAL : NOC increases transportation cost‚ restarts dual pricing KATHMANDU: Nepal Oil Corporation (NOC) has added the increased transportation cost of tankers in the recently hiked price of petroleum products.<... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036377   Natural gas futures bounce from lows Natural gas prices bounced from decade lows Friday,as bargain hunters speculate the bottom has been set. On the New York Mercantile Exchange, nat... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036378   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here