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Govt allows BPCL to pump in more equity into Bina refinery

28-04-2016| Source:PTI

BPCL, India's second-biggest state refiner, plans to raise Bina refinery capacity in two phases - to 7.8 million tonnes a year from current six million tonnes at a cost of Rs 3,072 crore by 2018

Iran seeks interest on USD6.5 bn due from Indian oil refiners

27-04-2016| Source:PTI

Iran has asked Indian refiners like Essar Oil and MRPL to pay interest rate of Libor-plus 0.75 percent on the USD 6.5 billion they owe it in past oil dues, to make up for the foreign exchange losses

Soyumm Marketing buys 30 lakh shares of Ruchi Soya


On April 22, 2016 Soyumm Marketing Private Limited bought 30,00,000 shares of Ruchi Soya at Rs 29.99.

Reliance Q4 net at Rs 7320 cr, GRMs at $10.80/bbl  


Reliance Industries has posted standalone net profit at Rs 7320 crore in the January-March quarter. During the quarter, gross refining margins (GRMs) stood at USD 10.80 per barrel.

Soyumm Marketing buys 20 lakh shares of Ruchi Soya


On April 21, 2016 Soyumm Marketing Private Limited bought 20,00,000 shares of Ruchi Soya at Rs 29.17.

Ruchi Soya Industries' director Sajeve Deora resigns


Ruchi Soya Industries Ltd has informed BSE that Mr. Sajeve Deora has tendered his resignation from the office of the Board of Directors of the Company with effect from April 21, 2016, for his

Swaraj meets Iranian counterpart; reviews bilateral ties

17-04-2016| Source:PTI

Resetting ties, India and Iran today held extensive talks on stepping up engagement on a range of key areas, particularly to increase Indian investment in oil and gas sectors in the Persian Gulf

India links $20 bn investment in Tehran to favourable terms

11-04-2016| Source:PTI

Oil Minister Dharmendra Pradhan, on a two-day visit to Tehran from April 9, also discussed with his Iranian counterpart the repayment of nearly USD 6.5 billion that Indian refiners owe to Iran

India's March Iran oil imports top 500,000 bpd

04-04-2016| Source:Reuters

Indian refiners together imported 506,100 bpd oil from Iran last month, a jump of about 135 percent from February, the data showed. In March of last year, the refiners halted imports from Iran

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