Petro Daily Newsletter

Headline Scan Monday -- August 13, 2012 Huge losses of oil companies under finmin scanner Ethanol price high on Cabinet agenda Oil falls on China slowing, weaker IEA demand forecast Centre's biodiesel plan fails to fuel hopes Omvati Prem first oil tanker to bring Iran crude with Indian cover Three PSU promoters may not buy ADB's stake in Petronet ONGC reports Q1 net profit of Rs.6,078 crore GSPC to set up OGT at Mallavarm Cochin-Mangalore Gas Pipeline project opposed GAIL rejects plan to waive 'first right of refusal' for ADB stake in Petronet Oil subsidies need to be checked: Rangarajan ONGC makes huge oil discovery off West coast Iraqi oil output overtakes Iran's Iraq's Kurds seek greater clout through oil policy No relief in sight against gas glut After brief slow down, more Iranian oil to flow to big Asian countries Egypt Welcomes Sudan's Oil Export Agreement, Progress of Roadmap Implementation Iraq signs gas deal with Pakistan Petroleum See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Huge losses of oil companies under finmin scanner New Delhi, Are the huge losses being projected by state-owned oil marketing companies (OMCs) - Indian Oil, Hindustan Petroleum and Bharat Petrole... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039439   Ethanol price high on Cabinet agenda New Delhi, The Union Cabinet at its meeting, likely to take place on Monday, is set to consider a proposal to decide on the pricing formula for p... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039441   Oil falls on China slowing, weaker IEA demand forecast Oil prices fell on Friday on data showing China's total exports grew less than forecast and its crude oil imports fell in July, and on weaker glo... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039456   Centre's biodiesel plan fails to fuel hopes Mumbai, In Chhattisgarh, vast dry, arid areas scheduled to be dotted with jatropha shrubs lie unclaimed. The scenario is no different in neighbou... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039440   Omvati Prem first oil tanker to bring Iran crude with Indian cover Bangalore: When oil tanker MT Omvati Prem loads crude from Iran's Kharg Island export terminal on 15 August, it will be the first Indian ship to ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039442   Three PSU promoters may not buy ADB's stake in Petronet New Delhi: Under orders from the Oil Ministry, three state-owned firms IOC, ONGC and BPCL have done a U-turn on buying Asian Development Bank's s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039443   ONGC reports Q1 net profit of Rs.6,078 crore New Delhi: Public sector oil and gas producer ONGC Saturday reported a net profit growth of 48.4 percent at Rs.6,078 crore for the quarter ending... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039444   GSPC to set up OGT at Mallavarm Ahmedabad, State PSU Gujarat State Petroleum Corporation (GSPC) will soon set up an oil and gas processing terminal facility at Mallavaram coast ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039445   Cochin-Mangalore Gas Pipeline project opposed MANGALORE: A mammoth demonstration was staged by villagers of Balepuni, Kairangala, Kurnadu and Pajir villages in Bantwal taluk at Mudipu on Sund... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039446   GAIL rejects plan to waive 'first right of refusal' for ADB stake in Petronet NEW DELHI, GAIL (India) board has rejected the proposal to forego 'first right of refusal' to acquire Asian Development Bank's stake in Petronet ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039447   Oil subsidies need to be checked: Rangarajan Prime Minister's Economic Advisory Council Chairman C. Rangarajan has expressed concern over the concessions provided to petroleum products, whic... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039448   ONGC makes huge oil discovery off West coast NEW DELHI: ONGC today said it has made a huge oil discovery off the West coast that will help the state-owned firm raise its sagging oil output. ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039449   Iraqi oil output overtakes Iran's Iraq has overtaken Iran as the second-largest Opec oil producer for the first time since the late 1980s, a symbolic shift that signals the huge i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039450   Iraq's Kurds seek greater clout through oil policy BAGHDAD : Iraq's minority Kurds are upping the ante with their go-it-alone oil policy, luring some of Big Oil's biggest players and again challen... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039451   No relief in sight against gas glut In 1931, with oil prices plunging to 13 cents a barrel, Texas Gov. Ross Sterling sent in the Texas Rangers on horseback to shut down production. ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039452   After brief slow down, more Iranian oil to flow to big Asian countries For the United States and European Union sanctions on Iran are not working on the expected line as Asia's major crude buyers are finding ways to ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039453   Egypt Welcomes Sudan's Oil Export Agreement, Progress of Roadmap Implementation South Sudanese citizens show support for their government's decision to shut down all national oil production, effectively cutting off the flow o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039454   Iraq signs gas deal with Pakistan Petroleum BAGHDAD Iraq signed an initial gas exploration contract with Pakistan Petroleum on Sunday as part of its push to attract more foreign investment ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039455   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here