Page 8 - Oil Refinery

Explosion at Romania's biggest oil refinery kills 1, injures at least 4

An explosion at Romania's largest oil refinery outside the port city of Constanta on Friday killed one person and injured at least four, authorities said

Reliance Industry says Jamnagar unit shut since June 6, may hit exports

The refinery is part of the world's biggest refining complex in the city of Jamnagar in Gujarat

IOC to invest Rs 24,000 cr in Gujarat refinery expansion, petchem project

State-owned Indian Oil Corporation (IOC) on Monday said it has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Expanding refining capacity by 4.3 million tonnes per annum to 18 million tonnes and adding plants to produce 500,000 tonnes per annum of polypropylene and 2,35,000 tonnes of lube oil base stock at the site would see total investment of about Rs 24,000 crore. "Chief Minister of Gujarat Vijaybhai Rupani and Union Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan today presided over an MOU signing ceremony for 'Investment Promotion' between the Government of Gujarat and IndianOil for setting up a Petrochemical and Lube Integration (LuPech) Project and Acrylics / Oxo Alcohol Project along with other infrastructure projects at Gujarat Refinery," a company statement said. The LuPech project will produce import substitutes .

Hindustan Petroleum Corp to fully start revamped Mumbai refinery by July

Hindustan Petroleum Corp.'s Mumbai refinery will start full scale operation at a higher capacity of 190,000 barrels per day (bpd) by end-June or in July, its chairman M K Surana said on Thursday

Privatisation-bound BPCL acquires OQ's stake in Bina refinery

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has acquired partner OQ's entire stake in the Bina refinery project in Madhya Pradesh for Rs 2,400 crore.

At least 500 people evacuated from fire at Indonesian oil refinery

At least 500 people were being evacuated from a nearby village after a massive fire broke out at the Pertamina Balongan Refinery in Indonesia

India grabs new oil supply to cut Mideast reliance as Opec+ keeps a check

Indian purchases from the U.S. more than doubled in January on-month, government data show. The country's sophisticated refineries can process almost every kind of crude

BJP, Sena spar over Saudi Aramco's $44-billion refinery project

The Sena's objections are the environmental impact the project will have on farming and fishery in the area

India asks refiners to cut reliance on Middle East oil after OPEC+ decision

India, the world's third-biggest oil importer and consumer, imports about 84% of its overall crude needs with over 60% of that coming from Middle Eastern countries

Indian Oil to expand Panipat refinery with capex of Rs 32,946 crore

Oil marketing firm IndianOil Corporation (IOC) is expanding its Panipat refinery's capacity from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA at a cost of Rs 32,946 crore

IOC to invest Rs 32,496 cr to expand Panipat refinery capacity

The firm said it will invest to expand its oil refinery at Panipat in Haryana to 25 million tonnes per annum capacity

Essar-Progressive Energy JV to develop UK's first low carbon hydrogen hub

The production hub will deliver clean energy to industry in the HyNet 'low carbon cluster', as well as for domestic and transport purposes

L&T subsidiary wins biggest EPCC contract of over Rs 7,000 crore

The order, classified as large, has a size between Rs 2,500-5,000 crore, informed the company in its release

Eight core industries' output contracts 2.6% in November

The output of eight core infrastructure sectors dropped by 2.6 per cent in November, mainly due to decline in production of natural gas, refinery products, steel and cement

Oil prices hit 9-month high on US stimulus deal, refining demand in India

Oil climbed and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India

Rocket attack causes large fire at an oil refinery in northern Iraq

A rocket attack in northern Iraq caused a large fire to break out at an oil refinery, briefly halting operations, the country's Oil Ministry said

Development works worth Rs 4,654 cr completed at Rajasthan refinery

Development works worth Rs 4,654 crore have been completed at Pachpadra refinery in Rajasthan's Barmer district, Additional Chief Secretary, Mines and Petroleum, Subodh Agarwal said on Friday.

Aramco, Adnoc committed to $44 bn west coast refinery project: IOC Chairman

Saudi Aramco and Adnoc are still committed to investing in the planned $44 billion west coast refinery-cum-petrochemical project, the Chairman of the project's lead Indian partner said on Thursday

IOC mulls deferring expansion of projects to sync them with demand

In an interview, Vaidya said oil demand in India has not been destructed but only deferred and Indian Oil Corp (IOC) was also betting big on petrochemicals to hedge fuel shocks

IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project

IOCL net profit fell 47% annually to Rs 1,910.8 crore in the quarter ended June 30, mainly due to inventory losses stemming from fluctuations in global oil prices