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Essar Oil looks to double petrol pumps to 4,300 in 18 months

19-06-2016| Source:PTI

Essar Oil, India's second largest private oil refiner, plans to nearly double its petrol pumps to 4,300 in next 18 months, a senior company executive said.

Credit Suisse bets on BPCL, OMCs earnings growth to sustain


Credit Suisse expects recovery in refining margins from recent weakness, sustained strong India oil demand growth, organic EBITDA growth due to refinery expansions at BPCL/IOCL and solid marketing

Monsoon to wash away diesel demand surge

16-06-2016| Source:Reuters

India is a net exporter of diesel - which accounts for about 40 percent of its oil demand - but a jump in imports by state refiners since April helped erode an Asian surplus of the fuel, lifting its

Govt panel to prepare road map for raising refining capacity

14-06-2016| Source:PTI

The 12-member Working Group for preparing Approach Paper for enhancing refining capacity by 2040 will be headed by Additional Secretary in the Oil Ministry and include directors of refineries

Karnataka govt allows Ruchi Soya to set up multiple facilities

10-06-2016| Source:PTI

The company received the clearance from State Level Single Window Clearance Committee (SLSWCC) recently, Ruchi Soya said in a statement here.

Sebi orders impounding of Rs 20 cr unlawful gains in two cases

09-06-2016| Source:PTI

In the matter of Ruchi Soya Industries, the regulator directed seven entities -- Navinya Multitrade, Shreyans Credit and Capital, Betul Minerals and Constructions, Aventis Biofeeds, Betul Oils

Sebi orders impounding of unlawful gains in Ruchi Soya case

09-06-2016| Source:PTI

of Ruchi Soya on September 27, 2012.

May expand investment in oil refining in India: Russia's Rosneft

08-06-2016| Source:Reuters

Russia's largest oil producer Rosneft is looking into expanding investment into the downstream sector in India, Chief Financial Officer Pavel Fedorov said on Wednesday, adding that the company

India begins settling Iran oil dues via Germany's EIH bank: Srcs

08-06-2016| Source:Reuters

Refiners in India, Iran's top oil buyer after China, last month resumed settling their back debt of about USD6.6 billion after the lifting earlier this year of some of the sanctions against Tehran

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