Government Permits ADNOC to Export Crude Oil from Mangalore Underground Strategic Storages
As per the Commerce and Industry Ministry order, ADNOC has been given permission to re-export crude oil from its commercial stockpile at Mangalore strategic petroleum reserve at its own cost. Mar 28, 2024 In order to give operational flexibility to the Abu Dhabi National Oil Company (ADNOC), the Government of India has given permission to […]
India and Sri Lanka in Talks on Planned Multi-Product Oil Pipeline Aimed to Strengthen their Ties
A discussion was held between India and Sri Lanka for a planned multi-product oil pipeline from Nagapattam, India to Trincomalee Tank Farm and Colombo in Sri Lanka at the India Energy Week held in Goa. Feb 10, 2024 The Government of India through Indian Oil Corporation (IOC) has submitted a preliminary plan to Mr. Kanchana […]
Indigenous Push: ONGC, IOC, Other Oil PSUs to Invest INR 1.2 Trillion in Energy Sector
India’s Energy sector to get a major push with ONGC, IOC, other PSUs deciding to invest INR 1.2 trillion for oil and gas exploration, refineries, petrochemicals and laying of pipelines. Feb 16, 2024 India’s energy sector is in for a major boost as some of the largest Public Sector Undertakings (PSUs), including the Oil and […]
IOC Signs Long-Term LNG Import Deals with ADNOC, TotalEnergies
IOC has signed long-term LNG import deals with UAE-based Abu Dhabi Gas Liquefaction Company Limited (ADNOC) and France-based TotalEnergies. As per agreements, ADNOC will supply 1.2 million tonnes per annum of LNG for 14 years, starting in 2026, whereas TotalEnergies will supply 0.8 million tonnes a year of LNG for 10 years starting in 2026. […]
IOC to Spend INR 17 Billion to Construct 2 Petroleum Pipelines
India will spend over INR 17 billion to construct 2 petroleum pipelines and 1 greenfield terminal out of the 4 identified projects. IOC shall construct Siliguri-Jhapa Pipeline, Amlekhganj-Lothar Petroleum Pipeline, and the Jhapa terminal, while Nepal Oil Corporation will construct the Chitwan terminal. May 26, 2023 India will be spending over INR 17 billion on […]
