Petro Daily Newsletter

Headline Scan Tuesday -- July 17, 2012 Government may fix profit share in oil as percentage of output Oil ministry rejects RBI advice to OMCs on dollar sourcing Oil prices could be rigged by traders warns G20 report PNGRB slashes GAIL's tariff for pipeline by 57% HPCL nearing deal to revive Barmer refinery CAG to audit KG D6, PMT accounts IGL eyes stake in Central UP Gas to expand beyond Delhi China puts Indian oil block up for auction BG wants Gujarat Gas deal sealed Gujarat State Petroleum Corporation reviews Egyptian operation Contract let for Kochi refinery expansion China prepares for shale gas auction IRAN : NIOC head rejects 30pct fall in oil output Iraq replaces Iran as OPEC second oil producer New sanctions on Iran boost oil prices U.A.E. oil pipeline opens Opec oil price keeps rising slightly Oil market balance perks up Iran's opponents See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Government may fix profit share in oil as percentage of output NEW DELHI: The government plans to switch to a transparent system of sharing oilfield profits with private firms, abandoning the existing regime ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039036   Oil ministry rejects RBI advice to OMCs on dollar sourcing The Petroleum Ministry has rejected the RBI's advice to state-run oil marketing companies (OMCs) to shift to buying 50 per cent of their dollar p... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039042   Oil prices could be rigged by traders warns G20 report A report commissioned by the G20 group of the world's biggest economies has warned oil prices could be vulnerable to a Libor-style rigging scanda... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039048   PNGRB slashes GAIL's tariff for pipeline by 57% Oil regulator PNGRB has cut state-owned gas utility GAIL India Ltd's transportation tariff for the Dadri-Bawana-Nangal pipeline by over 57% to Rs... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039037   HPCL nearing deal to revive Barmer refinery State-owned oil marketer Hindustan Petroleum Corporation (HPCL) is on course to revive the Barmer refinery proposed by it ages ago — and first pl... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039038   CAG to audit KG D6, PMT accounts Mandating the Comptroller and Auditor General (CAG) to audit Reliance Industries Ltd. (RIL) KG-D6 and Cairn India's Rajasthan block and Panna-Muk... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039039   IGL eyes stake in Central UP Gas to expand beyond Delhi Delhi's monopoly compressed natural gas company Indraprastha Gas is eyeing a majority stake in Central UP Gas Ltd (CUGL), which operates city gas... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039040   China puts Indian oil block up for auction Drawing India into the South China Sea muddle, China has put up a Vietnamese petroleum block under exploration by an Indian oil firm for global b... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039041   BG wants Gujarat Gas deal sealed Gandhinagar: The BG Group said on Monday that the process to divest its 65.12% stake in Gujarat Gas Company Limited is going on and it is looking... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039043   Gujarat State Petroleum Corporation reviews Egyptian operation GANDHINAGAR: Just six months after the Gujarat government reluctantly decided to give a go ahead to Egyptian operations of the PSU, Gujarat State... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039044   Contract let for Kochi refinery expansion Bharat Petroleum Corp. Ltd., Mumbai, has let a contract to Engineers India Ltd. (EIL) for consultancy services related to an expansion and upgrad... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039045   China prepares for shale gas auction BEIJING, More than 70 companies have indicated interest in participating in China's second tender for shale gas blocks, says China's Ministry of ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039046   IRAN : NIOC head rejects 30pct fall in oil output Trend News Agency reported that Mr Ahmad Qalehbani MD of National Iranian Oil Company has rejected the news published by some western media about... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039047   Iraq replaces Iran as OPEC second oil producer Trend News Agency reported that the Organization of Petroleum Exporting Countries released its monthly report which says that Iran's oil output d... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039049   New sanctions on Iran boost oil prices AP reported that new sanctions of United States on Iran pushing the price of oil higher. The Mr Obama administration slapped Iran with more sanct... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039050   U.A.E. oil pipeline opens ABU DHABI, United Arab Emirates, July 16 (UPI) -- An oil pipeline in Abu Dhabi that bypasses conventional transit lanes through the Strait of Hor... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039051   Opec oil price keeps rising slightly VIENNA -- The weekly average price of the Organization of Petroleum Exporting Countries (Opec) continued to increase slightly last week, reaching... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039052   Oil market balance perks up Iran's opponents Western diplomats can hardly believe their luck. Sanctions against Iran's oil exports are proving more effective than hoped yet the impact on the... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039053   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here