 | Finmin likely to retain zero duty on crude |
New Delhi: The finance ministry is likely to retain the zero percent customs duty on crude oil and the 2.5% import duty on petrol and diesel for th... |
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| Barter option open to India for Iran crude oil imports |
India will be able to pay for a "significant" portion of the crude oil that it imports from Iran through a barter system. Sources said that... |
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| Oil rig fire kills Indian, French in Nigeria |
An Indian was among two workers who were killed in a major fire that consumed the visible part of Chevron Corp company-owned oil rig off Nigeria's ... |
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| Cairn-Vedanta deal gets final approval from Cabinet |
The Cabinet Committee on Economic Affairs (CCEA) on Tuesday gave its final approval to the London-based mining group Vedanta Resources Plc's acquis... |
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| Plan B in the works on Iran as sanctions loom |
Indian companies that buy crude from Iran, process it and export petroleum products to European destinations may come under EU watch when its decis... |
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| SC admits Gujarat govt's plea against RIL, Essar, others |
New Delhi: The Supreme Court has admitted the Gujarat government's plea seeking to charge stamp duty on bill of entry (BoE), which the state believ... |
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| Cairn India's gains in situations where ONGC, Oil India struggle |
Exploration company Cairn India's December quarter numbers were better than expected as improved realisations made up for the higher royalty burden... |
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| OVL in talks with Novatek for 15% Yamal stake |
New Delhi: An Indian consortium led by ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil and Natural Gas Corp. Ltd, is in talks with Russi... |
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| RIL prices Gujarat gas at $6.5/unit |
In an indication that it will no longer settle for the government-approved price of $4.2 per unit, Mukesh Ambani-led Reliance Industries Ltd (RIL) ... |
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| Iran sanctions not to hit crude supply, says MRPL |
With the European Union gearing up to slap sanctions on Iran, Indian refineries dependent on crude supply from the Islamic nation has put in place ... |
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| Government extends contract area of GSPC in KG Basin by 20.5 sq km |
NEW DELHI: The government has granted 20.5 square kilometre (sq km) additional area in the prolific KG basin to Gujarat State Petroleum Corp (GSPC)... |
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| Cairn to produce 175,000 barrels a day from Rajasthan block this fiscal |
Cairn India, which held its first board meeting since becoming a Vedanta Group company, hopes to end fiscal 2011-12 at 175,000 barrels of oil a day... |
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| Venezuela Drills New Orinoco Oil Wells to Boost Production |
Petroleos de Venezuela SA, the state oil company, and a group of Russian companies started drilling the first oil well on the Junin 6 block today i... |
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| IEA to make shale gas regulatory recommendations |
GENEVA – The International Energy Agency (IEA) is preparing recommendations for countries to regulate the controversial shale gas industry, to be p... |
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| EU Enacts New Sanctions On Iran Including Oil Ban, Banking Sanctions |
The European Union Tuesday enacted new sanctions on Iran, including a planned oil ban effective July 1 and banking and shipping sanctions that will... |
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| Iran defiant, says will find other buyers for its oil |
London, Tehran's intelligence chief has shrugged off a new European Union ban on the purchase of Iranian oil, insisting the world economy is so div... |
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| US GAS: Futures Settle +2.9c At $2.554/MMBtu On Output Cut |
NEW YORK (Dow Jones)--Natural-gas futures settled 1.2% higher Tuesday, continuing a rally from 10-year lows sparked by news of a production cut by ... |
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| Lessons for East Africa from Nigeria fuel crisis on how to handle subsidies |
The Nigerian government took a major political gamble and withdrew petroleum fuels subsidies on New Year day, resulting in pump prices increasing a... |
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| LUKOIL's Bulgaria refinery has licences restored |
The Bulgarian refiner owned by Russia's LUKOIL has had restored its operational licences after reaching an out-of-court agreement with the customs ... |
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| NAPAL : Government to import fuel from another refinery |
KATHMANDU: Ministry of Commerce and Supplies is mulling to import fuel from another state-owned refiner of India apart from the Indian Oil Corporat... |
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