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Wednesday, January 11, 2012

Petro Daily Newsletter

 
Headline ScanWednesday -- January 11, 2012
Step up oil-pricing reform
India ignores US call for economic freeze, opens up Iran oil strategy
BPCL to announce Q3 results on Feb 10, 2012
'Regulating Gas Marketing Margins Discriminatory'
Despite slump, state-run oil firms on hiring spree
US presses China, Japan, South Korea to trim Iran oil imports
On pause for over a year, Cairn-Vedanta gets PMO push
Iran has right to develop n-energy, says India
Massive fire in GUWAHATI refinery, ULFA claims responsibility
Petroleum Ministry asked to follow IMO fuel emission norms for shipping
India Said to Be Told Turkey May Stop Routing Iran Oil Shipment Payments
HPCL seeks diesel for 1st time in 9 mths
ONGC pays Rs 3,964.35 crore as an interim dividend to the government
Jubilant Energy to invest $80 million in Myanmar oil and gas block
EIA forecasts oil, gas demand increases through 2013
Oil rises to near $102 on improving US economy
Gazprom signs power contract to grow UK retail arm
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
Step up oil-pricing reform
As the budgeting exercise at the Centre gets underway, it is plain that open-ended consumption subsidies on petroleum products like diesel, in th...
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India ignores US call for economic freeze, opens up Iran oil strategy
India has decided to ignore the US call to freeze its economic relationship with Iran, citing strategic national interest, even as the government...
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BPCL to announce Q3 results on Feb 10, 2012
A meeting of the Board of Directors of Bharat Petroleum Corporation Ltd will be held on February 10, 2012, to take on record the Unaudited Financ...
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'Regulating Gas Marketing Margins Discriminatory'
Reliance Industries has questioned the legality of the government's move to regulate marketing margins it charges gas consumers and has told the ...
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Despite slump, state-run oil firms on hiring spree
MUMBAI: State-run oil firms are on a hiring binge, undeterred by the financial uncertainty plaguing the sector, and potentially making up for any...
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US presses China, Japan, South Korea to trim Iran oil imports
SEOUL, South Korea _ U.S. Treasury Secretary Timothy F. Geithner faces a stiff challenge this week as he tries to persuade China, Japan and South...
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On pause for over a year, Cairn-Vedanta gets PMO push
New Delhi With the Petroleum Ministry blocking the Cairn-Vedanta deal on one pretext or the other for more than a year, the Prime Minister's Offi...
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Iran has right to develop n-energy, says India
JERUSALEM: Amid mounting global pressure to follow the US sanctions against Iran, India Tuesday defended Tehran's right to develop its civil nucl...
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Massive fire in GUWAHATI refinery, ULFA claims responsibility
A massive fire broke out at the Guwahati Refinery Tuesday night, with the United Liberation Front of Asom (ULFA) claiming responsibility. A refin...
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Petroleum Ministry asked to follow IMO fuel emission norms for shipping
NEW DELHI: The Shipping Ministry on Tuesday said that the Ministry of Petroleum and Natural Gas has been advised to follow fuel emission norms pr...
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India Said to Be Told Turkey May Stop Routing Iran Oil Shipment Payments
Turkiye Halk Bankasi AS (HALKB) told Indian oil refiners it may no longer be able to act as an intermediary for their purchases of Iranian crude,...
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HPCL seeks diesel for 1st time in 9 mths
SINGAPORE - Hindustan Petroleum Corp is seeking 140,000 tonnes of diesel for January and February, its first imports in nine months, following a ...
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ONGC pays Rs 3,964.35 crore as an interim dividend to the government
ONGC chairman & managing director Sudhir Vasudeva presented a cheque of Rs 3,964.35 crore as an interim dividend to oil minister Jaipal Reddy...
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Jubilant Energy to invest $80 million in Myanmar oil and gas block
MUMBAI: London-listed explorer Jubilant Energy expects to initially invest $70 million to $80 million on an onshore oil and gas block in Myanmar,...
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EIA forecasts oil, gas demand increases through 2013
Worldwide crude oil consumption will increase by 1.3 million b/d this year and by 1.5 million b/d in 2013, with the higher demand met by increase...
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Oil rises to near $102 on improving US economy
SINGAPORE: Oil prices rose to near $102 a barrel Tuesday in Asia amid growing investor optimism the U.S. economy is improving, which would boost ...
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Gazprom signs power contract to grow UK retail arm
LONDON: Gazprom Energy, the retail subsidiary of Gazprom Marketing & Trading, signed its first contract to buy power from a small producer an...
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