Oil Refinery

The private refiner will delay planned works and the closure of its 400,000 barrels-a-day complex from February until April 2026, according to people familiar with the matter

The section has also been connected to Numaligarh Refinery, which enables it to access natural gas through the grid, PNGRB said

Indian refiners will also issue some spot tenders for purchase of US LPG for deliveries early next year, the sources said. Details are not yet available

Saudi benchmark contract prices (CPs) for November for propane and butane, blended to make LPG, dropped to their lowest since August 2023 - $475 and $460 a tonne

Chairman Vikas Kaushal said on Tuesday HPCL had closed its gasoline-producing continuous catalytic reformer during the processing of contaminated oil that it had sourced from Hindustan Oil Exploration

Ukraine has stepped up its attacks on Russia's energy infrastructure as peace talks mediated by US President Donald Trump have not progressed

The state refiners have already informed their traditional suppliers of LPG in Saudi Arabia, United Arab Emirates, Kuwait and Qatar about the likely cut in LPG purchases

US President Donald Trump on Wednesday said Prime Minister Narendra Modi had assured that India will stop buying oil from Russia

The announcement was made during Mongolian President Khurelsukh Ukhnaa's visit to India

New Delhi to back border training, refinery project as both nations mark 70 years of ties

During the last month, while the state-run refiners were cutting their reliance on Russian crude, private players were stepping up procurement

China's oil refiners need to stop producing so much transport fuel because the energy transition means the demand is no longer there

The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil

The oil ministry is considering a scheme to compensate upstream companies for higher costs after GST on E&P services rose to 18 per cent, raising concerns of stranded taxes

Megha Engineering & Infrastructures Ltd won the mandate to build and operate a 2.5 million metric tonne strategic petroleum reserves at Padur, Karnataka

The government has tasked Uco Bank with processing Nayara Energy's payments after EU sanctions cut the refiner off from domestic and global lenders

Refineries typically shut roughly every four years for maintenance that can last 30 to 50 days. Nayara last shut its refinery for maintenance in November 2022

Kyiv says it aims to cut Russia's fuel and oil revenues, while Western allies warn such moves could disrupt global energy supplies

A committee under the Ministry of Environment and Forest and Climate Change has accorded permission to BPCL to prepare terms of reference (ToR) for its proposed 9 million metric tons per annum (MMTPA) Greenfield Refinery and Petrochemical Complex in Andhra Pradesh. According to the minutes of the meeting of the Expert Appraisal Committee (EAC) under the ministry held on August 29, the project cost would be Rs 1.03 lakh crore with a completion schedule of 42 months. Total Employment generated will be 3,400 for the Construction Phase (out of which 400 permanent and 3,000 temporary) and 3,750 Operational Phase (out of which 1250 permanent & 2500 temporary), it said. Bharat Petroleum Corporation Limited is proposing to set up the plant at Chevuru Village, Gudlur Mandal, Sri Potti Sriramulu Nellore District in AP. "EAC found the compliance status and justification satisfactory. After deliberations, the Committee recommended the project proposal for prescribing the following specific ..

India's state processors have bought large volumes of non-Russian crude this week for prompt September-October delivery