this fiscal the subsidy amount given to Oil companies -bpcl,ioc,hpcl, is a stageering 65,000 crores., i.e. $10 billion. even US companies dont earn so much tax incentives from government. Think guys, do you want to invest such inefficient oil companies are surviving only becasue they get subsidy
about 3 hrs 18 min 48 sec ago
back the controlled prices. In the process, the oil companies, government, and Up stream companies lost Rs.1000000 crores (yes ten lakh crores) in the last 10 years. Had that money used for nation building, today we were in different place in the world.
4.48 PM Mar 10th
Source:BBC - The chief executive of the oil company Shell has said he would like Scotland to remain part of the UK . Addressing the company`s annual reception in London on Wednesday, Ben van Beurden said he valued the continuity and stability of the UK. He said the company had reached this view
5.20 PM Mar 6th
Source:BBC - Cairn Energy founder Sir Bill Gammell is to step down as chairman after more than two decades on the board of the oil company. He will leave the post in May to be replaced by Ian Tyler, former chief executive of Balfour Beatty. Sir Bill was Cairn`s chief executive from 1988, when
6.06 PM Mar 3rd
recovery. Reliance must have realised that it will not be able to manage the complexity of the gas reservoir and sought to form a joint venture with a multinational like BP with greater expertise in deepwater technology. Usually oil companies do not seek partnership after a discovery unless they are short
5.37 PM Mar 3rd
January 2013, the oil companies are incurring Rs 8.37 per litre loss on sale of the fuel. Since January 2013, diesel rates have risen by a cumulative Rs 8.33. Besides diesel, oil firms are losing Rs 36.34 a litre on sale of kerosene through public distribution system (PDS) and Rs 605.50 on every 14.2-kg
2.12 PM Mar 3rd
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