Oil Refinery

Indian refiners avoid Russian oil purchase in push for US trade deal

Indian Oil, Bharat Petroleum and Reliance Industries are not accepting offers from traders for Russian oil loading in March and April, said a trader who approached the refiners

Indian refineries to be configured to meet rising petchem demand: Puri

The greenfield refineries being built in India have a stronger focus on petrochemical production

Petrobras renews oil deals with Indian refiners worth more than $3.1 bn

The agreements represent a sales potential up to 60 million barrels, with a total value that may exceed $3.1 billion, Petrobras said

Reliance Industries signs pact with ONGC to share offshore resources

In a strategic move to boost offshore energy exploration and operational efficiency, Oil and Natural Gas Corporation Ltd (ONGC) and Reliance Industries Ltd have signed an agreement to share resources such as supply vessels used in finding and producing oil and gas. The two firms signed an MoU for resource-sharing collaboration on the sidelines of India Energy Week (IEW), ONGC Director (Production) Pankaj Kumar said. The pact aims to enhance operational efficiency, enable faster execution of offshore projects, and create stronger synergies between India's largest oil and gas producer and the nation's biggest and most valuable company who have adjacent fields and operations particularly off the east coast, he said. It seeks to explore opportunities to jointly utilise resources, infrastructure, and technical capabilities across offshore energy activities so as to reduce duplication of efforts, optimise capital deployment, and support timely development of offshore assets, which are ...

Flagship Russian crude sinks in China after Indian buyers pull back

In a sign of the overall trend, Russia's oil exports recently fell to the lowest since August, as Moscow faced mounting difficulties in delivering barrels to key buyer India

EIL secures $350 mn contract for Dangote refinery expansion in Nigeria

State-owned Engineers India Ltd (EIL) has secured a contract worth over USD 350 million to act as Project Management Consultant (PMC) and EPCM Consultant for the expansion of the Dangote Refinery and Petrochemical Complex in Nigeria, reinforcing its role in one of the world's largest energy projects. EIL was the engineering, procurement and construction management (EPCM) consultant for Dangote Group when it first built an oil refinery. Now the firm has been re-hired for the expansion, the state-owned firm said in a statement. The Dangote Group, Nigeria's leading multinational conglomerate headquartered in Lagos, plans to expand the refinery's capacity from 650,000 barrels per day to 1.4 million barrels per day under Train 2, with production of Euro VI-grade fuels. The expansion will also scale up polypropylene capacity from 830 kilo tonnes per annum (kTPA) to 2.4 million metric tonnes per annum (MMTPA) through revamping of the existing polypropylene unit and installation of an ...

India asks refiners for weekly Russian oil import data to share with US

India seeks weekly data on Russian and US oil buys as crude imports from Moscow may fall below 1 million bpd amid sensitive trade talks with Washington

Aramco, Oil India likely to pick up stake in BPCL's Andhra refinery

State-run BPCL is setting up a greenfield refinery and petrochemicals project near Ramayapatnam port in Nellore district to meet rising domestic demand and boost petrochemical exports

Sanction-hit Nayara delays Vadinar oil refinery maintenance work

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

NE gas pipeline connecting Guwahati to Numaligarh partially commissioned

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

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