Oil Refinery

Indian refiners to issue second tender to secure four more US LPG cargoes

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

Falling Saudi Arabia LPG prices likely to help refiners breathe easy

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

HPCL issues rare fuel import tenders after refinery disruption in Mumbai

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

Russia's Ryazan refinery halts key unit after Ukrainian drone strike

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

Refiners likely to buy more US LPG in 2026, cut Middle East imports

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

Refiners likely to cut Russian oil imports following Trump's claim

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

India-backed oil refinery in Mongolia to start operations by 2028

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

India expands Mongolia footprint with defence attache, energy cooperation

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

State refiners cut dependence on Russian oil as private firms boost imports

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

China's plan to cut refining capacity faces pushback in key regions

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

Nayara Energy finds new buyers after EU sanctions hit Russian oil trade

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

GST hike on E&P: Govt chalking out plan to compensate upstream oil firms

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

MEIL secures bid for India's first private strategic petroleum reserve

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

Govt taps Uco Bank to manage payments for Nayara Energy after EU sanctions

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

Sanctions-hit Nayara Energy seeks govt help for refinery repair gear

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

Ukraine steps up attacks on Russian refineries, targets exports with drones

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

BPCL's ₹1 trn refinery project in Andhra gets EAC nod to prepare ToR

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 ..

Indian refiners scour globe for more oil ahead of Trump-Putin summit

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

Despite US pressure, Russian oil tankers unload at Indian refineries

More tankers are poised to discharge another 2.2 million barrels of Urals in the coming hours

Fire at Iran's largest oil refinery kills 1 in country's southwest region

A fire at Iran's oldest and largest refinery in the southwest killed one person, state media reported Sunday. A leaky pump in an under-repair unit at Abadan refinery caused the fire on Saturday, killing a worker, according to the state-owned IRAN newspaper. Firefighters put out the blaze in two hours and operations remained unaffected, the report said. Iran's deputy parliament speaker, Ali Nikzad, confirmed Sunday that some workers were also injured, media outlets said. Abadan oil refinery, some 670 kilometres from the capital Tehran, began its operation in 1912. It is the biggest in the Islamic Republic, producing about 25 per cent of the country's fuel with more than 5,200,000 barrels of oil refined daily. Several fires have broken out across Iran over the past week at residential and commercial buildings, with authorities saying gas leaks and electrical short-circuiting were to blame. Iran is one of the world's major producers of oil, though sanctions by Western countries have