India to Source Oil from Venezuela in Lieu of Stuck Dividends Worth USD 600 Million: Petroleum Minister
India is also in conversation with countries such as Guyana, Suriname and Namibia to source crude oil, said Union Minister for Petroleum and Natural Gas Hardeep Singh Puri. Mar 29, 2024 India will be sourcing oil from Venezuela in lieu of stuck dividends worth USD 600 million. Besides, the nation was in talks with several […]
PM Inaugurates Indian Oil LPG Pipeline, Bottling Plant, Development Projects Worth INR 12,800 Crore in Bihar
Indian Oil’s 109-km-long Muzaffarpur-Motihari LPG Pipeline will provide cleaner cooking fuel to people in Bihar, Nepal. Indian Oil’s LPG bottling plant and storage terminal will act as a strategic supply point for the export of petroleum products to Nepal. Mar 15, 2024 Prime Minister Narendra Modi has inaugurated Indian Oil’s 109-km-long Muzaffarpur-Motihari LPG Pipeline that […]
Saudi Aramco in Investment Talks with Indian Companies
Global oil giant Saudi Aramco eyes new markets for crude in Asia, having conversations related to investment in Indian companies. Feb 22, 2024 One of the leading petroleum and natural gas companies across the world, Saudi Aramco, has revealed that it was having conversations related to investment in Indian companies. Faisal Faqeer, senior vice-president, liquids […]
India to Lead World in Incremental Oil Consumption by 2023
India is set to become the global leader in consumption of petroleum products, surpassing China by 2030. Feb 1, 2024 Come 2030, India will become the largest consumer of petroleum products, using them in various purposes such as heating, lighting, cooking, transportation and petrochemicals. The country is on course to become the global leader in […]
PM Narendra Modi Lays Foundation Stone Of Pipeline Projects Worth INR 9000 Crore
Shri Narendra Modi laid the foundation stone of petroleum & natural gas pipeline projects worth more than INR 9000 crore in Tamil Nadu. Jan 02, 2024 The Prime Minister, Shri Narendra Modi recently laid the foundation stone of important petroleum and natural gas projects worth more than INR 9000 crore. The two projects dedicated to […]
2.2 Million TPA Capacity Bearing Hassan – Cherlapalli LPG Pipeline Project Commissioned at an Investment of INR 2,170
Shri Narendra Modi commissioned the 650 km Hassan – Cherlapalli LPG pipeline project. He also laid the foundation stone of a 425 km ‘MultiProduct Petroleum Pipeline’ of Bharat Petroleum Corporation Limited (BPCL) from Krishnapatnam to Hyderabad (Malkapur). Oct 03, 2023 Recently, Shri Narendra Modi commissioned the 650 km Hassan – Cherlapalli LPG Pipeline Project. The […]
Gas Pipeline Deal Between L&T and Kuwait Oil Company Gets Extension
The gas pipeline project is valued to be about USD 450 million. The period of the agreement between Kuwait Oil Company and Larsen & Toubro would be extended for nearly 240 days, up until 26 December 2022. Kuwait has decided to increase the duration of its agreement with India’s engineering major Larsen & Toubro Ltd. […]
Indian Oil Corporation to Begin Trial of Asanur Terminal in Kallakuruchi, Tamil Nadu
Indian Oil laid the groundwork for the INR 470-crore project in November 2020, in a bid to ease the stress on the other terminals. The Greenfield terminal would supply fuel to Villupuram, Cuddalore, Perambalur, and Puducherry. The trial run of Indian Oil Corporation Ltd.’s (IOCL) Asanur terminal is all set to begin in a month […]
Parliamentary Standing Committee Suggests Project Monitoring Mechanisms for Gas Pipeline Projects
In the report by the Standing Committee, it was noted the ministry has been advised to prepare a roadmap regarding enhancing the supply and domestic production of natural gas through unconventional hydrocarbons. The gas pipelines are being laid across the country under the National Gas Grid project The parliamentary standing committee on petroleum and natural […]
Guwahati Refinery Celebrates its 60th Anniversary
The celebratory event of Guwahati Refinery was graced with the presence of the Union Minister for Housing & Urban Affairs and Petroleum & Natural Gas Hardeep Singh Puri. Guwahati Refinery, the first-ever public sector refinery of India and Indian Oil Corporation Ltd.’s first refinery, celebrated its 60th year-anniversary on August 3, 2022. Since 1962, the […]
