Petro Daily Newsletter

Headline Scan Friday -- February 10, 2012 BPCL sees its sales premium at record levels Petroleum prices set to zoom HPCL seeks tax rebate on Iran oil payment in rupees ATF import by airlines to hit output of petrol, diesel too: Oil marketing companies BP chief unhappy with functioning of E&P sector in the country After indictment, upstream regulator to get a facelift Paying Iran in Re: Refiners want exemption from withholding tax Cuddalore petrochemicals hub for Cabinet approval in 2 weeks Direct ATF import may attract more foreign funds Narmada water for Dahej, Bharuch industries Indian Refiners Plan to Export Jet Fuel, Financial Express Says Turkmenistan gas pipeline moves closer to reality Cleaning the fuel subsidy mess Polymer prices increase as RIL shuts units for maintenance Oil firms' claim on LPG use refuted HPCL to cut Iran crude imports in 2012-13 ONGC fetches 9 month high premiums on March naphtha cargo (9-2-2012) HPCL Q3 net rises 13-fold on subsidy boost See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   BPCL sees its sales premium at record levels SINGAPORE: Bharat Petroleum Corp Ltd (BPCL) sold a March naphtha cargo to Vitol at about $37 a tonne to Middle East quotes on a free-on-board (FO... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036647   Petroleum prices set to zoom India should brace for a steep hike in petrol prices after the Assembly elections are over next month as harsh winter in Europe and geo-political... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036641   HPCL seeks tax rebate on Iran oil payment in rupees NEW DELHI: State-run Hindustan Petroleum Corp said Indian firms cannot pay for Iranian crude imports in rupees unless the federal finance ministr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036633   ATF import by airlines to hit output of petrol, diesel too: Oil marketing companies MUMBAI: State-run oil marketing companies, which currently enjoy near-monopoly in the aviation turbine fuel (ATF) market, say any move to allow a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036634   BP chief unhappy with functioning of E&P sector in the country Unhappy with the way the exploration and production sector in the country has been functioning, Sashi Mukundan, regional president and country he... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036635   After indictment, upstream regulator to get a facelift After being criticised by the Comptroller and Auditor General (CAG) for its functioning and conflict of interest, the upstream petroleum sector r... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036636   Paying Iran in Re: Refiners want exemption from withholding tax New Delhi: Indian oil refiners want exemption from payment of withholding tax to start using a newly agreed mechanism of paying in rupee for the ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036637   Cuddalore petrochemicals hub for Cabinet approval in 2 weeks The Ministry of Chemicals and Fertilisers will present a proposal for setting up a Petroleum, Chemicals and Petrochemicals Investment Region near... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036638   Direct ATF import may attract more foreign funds The direct import of aviation turbine fuel (ATF) will help passenger carriers cut down operational cost, but is unlikely to lower air fares, than... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036639   Narmada water for Dahej, Bharuch industries GANDHINAGAR: In a major boon to industries in the Bharuch-Dahej area, Gujarat government has decided to lay a 128km-long pipeline from the Narmad... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036640   Indian Refiners Plan to Export Jet Fuel, Financial Express Says Indian state-run oil refiners Bharat Petroleum Corp. (BPCL) and Hindustan Petroleum Corp. may export jet fuel after ministers recommended letting... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036642   Turkmenistan gas pipeline moves closer to reality The Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline project has moved closer to realisation with petroleum ministry set to ap... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036643   Cleaning the fuel subsidy mess People who can afford to buy cars and two-wheelers should realise that fuel won't come in cheap. The Finance Minister's ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036644   Polymer prices increase as RIL shuts units for maintenance After repeated price cuts last year, polymer manufacturers have increased prices of polypropylene (PP) by Rs 3 a kg and polyethylene (PE) by Rs 1... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036645   Oil firms' claim on LPG use refuted KOCHI, Claims by oil marketing companies that a large percentage of LPG users burn up between 20 and 40 cylinders worth of cooking gas a year is ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036646   HPCL to cut Iran crude imports in 2012-13 HPCL will import three million tonnes of crude oil from Iran in 2012/13, half a million tonnes less than it purchased from the Islamic Republic f... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036648   ONGC fetches 9 month high premiums on March naphtha cargo (9-2-2012) Oil & Natural Gas Corp has sold a March naphtha cargo to Vitol at US$35-36/ton above Middle East quotes on a free-on-board (FOB) basis. This ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036649   HPCL Q3 net rises 13-fold on subsidy boost Hindustan Petroleum Corporation has reported a net profit of Rs 2,725 crore for the quarter ended December 31, 2011, up from Rs 211 crore in the ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000036650   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here