Petro Daily Newsletter

Headline Scan Thursday -- June 21, 2012 Govt finalizes scheme to make Delhi kerosene-free India May fuel sales up 5.4 pct y/y - govt Crude hits 18-month low GAIL wants US to relax norms for more LNG imports ONGC and CNPC of China plan to expand partnership No takers for PCPIR ONGC lets LNG pact with Hinduja lapse India seeks to boost economic ties with oil rich Cuba Over 3.5 lakh families to get LPG connections Jaipal Reddy's diesel tax proposal 'highly flawed': Praful Patel 4 methane blocks: ONGC to farm out operating interests Myanmar to offer up to 18 oil blocks in next tender Japan, China to import Iran oil after EU ban Kenya oil refinery to add merchant operations Oil lobby biggest threat to U.S. ethanol: RFA leader Regulators Back Off Tougher Curbs on Oil Iraq warns France against unsanctioned oil deals Japan passes law to insure Iran oil imports Iran: World needs our natural gas See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Govt finalizes scheme to make Delhi kerosene-free NEW DELHI: The Delhi government on Wednesday rolled out the roadmap to make the capital the first kerosene-free city in the country. The programm... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038616   India May fuel sales up 5.4 pct y/y - govt India's local oil product sales rose 5.4 percent in May from a year ago, the highest since February, due to surge in demand for commercial fuels,... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038621   Crude hits 18-month low World oil prices tumbled more than 3% on Wednesday to their lowest in a year and a half, as data showed US crude inventories unexpectedly swelled... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038634   GAIL wants US to relax norms for more LNG imports NEW DELHI: Close on the heels of sewing nation's first gas import deal from the US, state-owned GAIL India wants Washington to relax rules so tha... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038617   ONGC and CNPC of China plan to expand partnership NEW DELHI: State-run Oil & Natural Gas Corp (ONGC) and China's largest government-owned energy firm, CNPC have agreed to expand their existin... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038618   No takers for PCPIR Not able to find any takers for the much hyped Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) due to various reasons, state gov... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038619   ONGC lets LNG pact with Hinduja lapse Oil and Natural Gas Corp. Ltd (ONGC) has not renewed an agreement with the Hinduja Group for sourcing liquefied natural gas (LNG) from West Asia,... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038620   India seeks to boost economic ties with oil rich Cuba Havana: The strains of the Indian national anthem filled the iconic revolution square in Havana as India's foreign Minister SM Krishna started hi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038622   Over 3.5 lakh families to get LPG connections The Delhi Cabinet on Wednesday gave its nod to provide LPG connections to around 3.57 lakh families that use kerosene oil, which will make Delhi ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038623   Jaipal Reddy's diesel tax proposal 'highly flawed': Praful Patel NEW DELHI: Terming Oil Minister Jaipal Reddy's proposal of levying additional duty of up to Rs 2.55 lakh on diesel cars as "highly flawed", Heavy... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038624   4 methane blocks: ONGC to farm out operating interests KOLKATA, More than six months since it has received expression of interests (EoI) from private operators, ONGC now proposes to farm out operating... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038625   Myanmar to offer up to 18 oil blocks in next tender Myanmar will offer up to 18 onshore oil and gas blocks in a global tender to be launched later this year, opening up a potential flood of new inv... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038626   Japan, China to import Iran oil after EU ban At least two of Asia's four top buyers of Iranian crude will keep imports flowing, though at overall reduced rates, as they find ways around an E... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038627   Kenya oil refinery to add merchant operations NAIROBI, Kenya's sole refinery will start buying its own crude oil next month to start operating as a merchant refinery, a move that is expected ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038628   Oil lobby biggest threat to U.S. ethanol: RFA leader The biggest threat to U.S. ethanol makers, now struggling with negative profit margins, is not high corn prices but possible changes to the renew... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038629   Regulators Back Off Tougher Curbs on Oil Europe and Syria took center stage at the Group of 20 meeting in Los Cabos, Mexico, this week. But in the oil industry, all eyes were on a report... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038630   Iraq warns France against unsanctioned oil deals Iraq gave a veiled warning to France's Total on Wednesday not to make deals with the autonomous Kurdish region without the approval of central go... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038631   Japan passes law to insure Iran oil imports TOKYO, Japan's parliament approved government guarantees on insurance for crude oil cargoes from Iran on Wednesday, paving the way for it to beco... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038632   Iran: World needs our natural gas TEHRAN, The international community can't ensure basic energy security by shoving Iran out of the market, the country's deputy oil minister said.... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038633   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here