India’s three oil marketing companies are all in the Fortune 500. But they have little real power because of fuel price control.
Indian Oil Corp (IOC), country's biggest refiner and fuel retailer, has successfully issued long-term bonds denominated in Singapore dollars.
The downstream oil and gas sector regulator has proposed an innovative concept of trading in gas pipeline capacities in commodities exchanges.
State run Oil India and Indian Oil Corp have together acquired 30% stake in Houston-based Carrizo Oil & Gas' shale asset in Colorado for $82.5 million.
Oil ministry has asked Rangarajan panel to resolve CBM pricing issue that could further delay commercial production of gas from the blocks.
Veena Swarup, who was the General Manager-HR in ONGC, has been appointed as the Director-HR, in Engineers India Ltd.
State oil firms may cut petrol rates marginally because international oil prices have soften and the rupee has appreciated.
Indian oil industry expects to import less than 14 mn tonnes of Iranian crude oil in 2012-13, which is below the official estimates of 15.5 mn tonnes.
Iran has expressed concerns that Indian refiners have drastically cut imports if Iranian crude oil and it is expected to raise the issue with New Delhi on Friday.
The government plans to restrict CAG's scrutiny of private oil and gas fields to financial matters instead of a full-fledged performance audit.
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