Petro Daily Newsletter

Headline Scan Tuesday -- January 24, 2012 EU Iran oil ban will hit India's imports hard Oil ministry for petro products in GST regime Budget 2012-13: Oil ministry seeks tax sops for natural gas India drawn to Iran's favourable oil terms - Reddy GAIL opposes move to regulate marketing margin for LNG; ok with control on domestic gas Competition Commission closes case against GGCL IOT Infrastructure raises Rs 100 cr through private equity Reddy seeks Pak nudge on vexed pipeline deal Oil subsidy burden on ONGC, OIL may mount to Rs7,852 crore news RIL names SP Bharucha as arbitrator in KG-D6 cost issue Cairn Energy sells stake in Pitu block Cairn to partner Statoil on Greenland exploration EU foreign ministers agree to tighten sanctions against Syria Pak-India talks on Turkmenistan gas project Tuesday Russia alarmed by EU ban on Iranian oil, sanctions Oil price up as Iran threatens to block shipments GAIL logs 13% profit in Q3 net at Rs 1,091 crore Raniganj CBM block gas reserves 55 b cubic feet: Essar oil See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   EU Iran oil ban will hit India's imports hard New Delhi: As the European Union begins an oil embargo against Iran, India's payment options for the oil from that country seem to be further dry... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036380   Oil ministry for petro products in GST regime At a time when the Centre and states trying hard to narrow down their differences over the proposed modalities for rolling out the Goods and Serv... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036382   Budget 2012-13: Oil ministry seeks tax sops for natural gas The petroleum ministry has requested the finance ministry to waive the customs duty and slash sales tax levies on natural gas in the forthcoming ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036387   India drawn to Iran's favourable oil terms - Reddy NEW DELHI - India wants to take as much Iranian oil as it can because terms are "favourable", Oil Minister S. Jaipal Reddy said on Monday, after ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036381   GAIL opposes move to regulate marketing margin for LNG; ok with control on domestic gas State-run Gail India has opposed the government's move to regulate marketing margin for imported liquefied natural gas but accepted its control o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036383   Competition Commission closes case against GGCL "The commission, prima facie, is of the opinion that the conduct of GGCL is not abusive in terms of the provisions of the Act. There is no prima ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036384   IOT Infrastructure raises Rs 100 cr through private equity MUMBAI: IOT Infrastructure & Energy Services Ltd (IOT), a joint venture between Indian Oil Corporation and Oiltanking GmbH, Germany on Monday... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036385   Reddy seeks Pak nudge on vexed pipeline deal The vexed issue of transit fee for Turkmenistan Afghanistan Pakistan and India (TAPI) gas pipeline is expected to dominate the bilateral discussi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036386   Oil subsidy burden on ONGC, OIL may mount to Rs7,852 crore news The government is weighing plans to cap the price of crude oil sold by ONGC and Oil India to state refiners at $54 a barrel this financial year i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036388   RIL names SP Bharucha as arbitrator in KG-D6 cost issue Reliance Industries has proposed to appoint former Chief Justice of India SP Bharucha as its arbitrator against the government to resolve the iss... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036389   Cairn Energy sells stake in Pitu block Edinburgh-based explorer Cairn Energy plc today said today said it has sold 30.6% stake in Pitu block in the Baffin Bay Basin off the west coast ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036390   Cairn to partner Statoil on Greenland exploration LONDON: British oil explorer Cairn Energy said Norway's Statoil will partner with it to look for oil and gas in Greenland, showing industry inter... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036393   EU foreign ministers agree to tighten sanctions against Syria EU foreign ministers Monday agreed to tighten sanctions against Syria, adding 22 unspecified people and eight entities to its existing sanctions ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036394   Pak-India talks on Turkmenistan gas project Tuesday ISLAMABAD: A Pakistan delegation headed by Federal Minister for Petroleum Dr. Asim Hussain has arrived in India to hold negotiations with regard ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036395   Russia alarmed by EU ban on Iranian oil, sanctions MOSCOW - Russia expressed "regret and alarm" on Monday over the European Union's ban on Iranian oil and other economic sanctions, saying Tehran w... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036396   Oil price up as Iran threatens to block shipments Oil prices climbed on Monday as tensions increased over the security of oil shipments from the Persian Gulf. Natural gas prices rose more than 5 ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036397   GAIL logs 13% profit in Q3 net at Rs 1,091 crore State-owned gas utility GAIL India Ltd on Monday reported 13 per cent rise in net profit for the third quarter ended December, as higher gas trad... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036391   Raniganj CBM block gas reserves 55 b cubic feet: Essar oil Essar Oil today said that the verified in-place gas reserves at its Raniganj CBM block have more than doubled to 55 billion cubic feet. "The inde... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036392   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here