Petro Daily Newsletter

Headline Scan Tuesday -- February 07, 2012 Goverment asks ONGC, OIL to pay Rs 36,900 crore in fuel subsidy Iran Crude Ban Difficult Without India, China India to stay firm on Iranian oil imports at EU summit Now, CAG to quantify loss to exchequer on RIL gas output GoM meeting on Air India recast, FDI in aviation & jet fuel import on Thursday Oil Ministry dismisses RIL's demand for gas price revision Iran's central bank opens account with Indian bank for oil payments IOC to invest Rs 7,700 Cr in pipelines by 2015 Iran sets one-month deadline for Indian oil companies to sign contract Sibal proposes to use Aakash, Aadhaar in tandem to fight graft Refinery opening delayed after cyclone strikes Govt may revive ONGC share sale via auction: Sources Upstream Oil Firms To Shell Out Rs.36,900 Cr. Towards Fuel Subsidy MRPL makes first petrol sale in 8 months Chennai Petroleum's profitability hurt by foreign exchange loss Gujarat Gas Company to announce FY 11 results on Feb 23, 2012 Iran Bans Obtaining Licenses From 5 European Oil Companies Iranian company inks $200m deal to develop joint oilfield with Iraq See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Goverment asks ONGC, OIL to pay Rs 36,900 crore in fuel subsidy NEW DELHI: The government has asked upstream oil firms like Oil and Natural Gas Corp (ONGC) to give about Rs 36,900 crore in fuel subsidy during ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036581   Iran Crude Ban Difficult Without India, China The U.S. and European Union may struggle to enforce a ban on Iranian crude because of Asia's reliance on supplies from the Persian Gulf state, ac... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036588   India to stay firm on Iranian oil imports at EU summit The India-European Union summit scheduled for February 10 here is expected to generate intense discussions on trade, carbon tax, US sanctions aga... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036589   Now, CAG to quantify loss to exchequer on RIL gas output The next salvo from the Comptroller and Auditor General (CAG) may come in the form of year-wise figures of the loss to the exchequer because of f... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036580   GoM meeting on Air India recast, FDI in aviation & jet fuel import on Thursday New Delhi: In a bid to safeguard interests of ailing aviation sector, a Group of Minister will meet later this week to give final touches on allo... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036582   Oil Ministry dismisses RIL's demand for gas price revision Asserting that there is no case for revision in price of natural gas price, the Petroleum and Natural Gas Ministry has dismissed the demand by Mu... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036583   Iran's central bank opens account with Indian bank for oil payments Feb 6 - Indian and Iranian governments are jointly working on rupee trade mechanism for payment of crude imports from the latter in rupees. The n... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036584   IOC to invest Rs 7,700 Cr in pipelines by 2015 State-run Indian Oil Corporation (IOC) plans to invest 7,700 crore by 2015 to expand its pipeline network, which has emerged as a highly profitab... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036585   Iran sets one-month deadline for Indian oil companies to sign contract NEW DELHI: In a strategic move to force India's hands, Iran has set a month's deadline for a consortium of Indian state-run oil companies to sign... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036586   Sibal proposes to use Aakash, Aadhaar in tandem to fight graft In order to fight corruption and eliminate middlemen, the Union Cabinet Minister for HRD, Communications and IT, Mr Kapil Sibal, said that the Un... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036587   Refinery opening delayed after cyclone strikes In India, a recent cyclone has disrupted Nagarjuna Oil's plans to build an oil refinery at Cuddalore, Tamil Nadu. The project was slated for comp... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036590   Govt may revive ONGC share sale via auction: Sources India will consider selling shares in state-run Oil and Natural Gas Corp to investors through an auction, an oil ministry source said, as the gov... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036591   Upstream Oil Firms To Shell Out Rs.36,900 Cr. Towards Fuel Subsidy The India government asked the upstream oil companies, such as Oil and Natural Gas Corporation Ltd, or ONGC, to give around Rs.36,900 crore towar... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036592   MRPL makes first petrol sale in 8 months India's Mangalore Refinery & Petrochemical Ltd (MRPL) sold its first spot petrol cargo in about eight months to Vitol, at a time of tight sup... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036593   Chennai Petroleum's profitability hurt by foreign exchange loss A foreign exchange loss—of about Rs330 core for the December quarter due to a sharp fall of the rupee against the dollar—adversely affected the f... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036594   Gujarat Gas Company to announce FY 11 results on Feb 23, 2012 A meeting of the Board of Directors of Gujarat Gas Company Ltd will be held on February 23, 2012, to consider the audited annual financial result... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036595   Iran Bans Obtaining Licenses From 5 European Oil Companies Iranian Oil Minister Rostam Qasemi has issued a decree to stop obtaining foreign licenses for domestic petrochemical projects, Mehr news agency r... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036596   Iranian company inks $200m deal to develop joint oilfield with Iraq Iran's Petroleum Engineering and Development Company signed a deal, worth around $200 million, in Tehran on Monday, with a domestic company, name... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036597   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here