MK Surana, CMD, HPCL is confident of posting healthy margins in the fourth quarter.
Mangalore Refinery and Petrochemicals (MRPL) is in focus after reports suggest that Saudi Aramco (Saudi Arabian Oil Company) mulls stake in Indian refineries. In an interview to CNBC-TV18, H Kumar, MD of MRPL spoke at length about the same.
The Hindustan Petroleum Corporation (HPCL)-Oil and Natural Gas Corporation (ONGC) deal is through the final lap. In an interview to CNBC-TV18, MK Surana, CMD of HPCL spoke at length about deal.
In an interview to CNBC-TV18, AK Srinivasan, Director-Finance at Oil and Natural Gas Corporation (ONGC) shared his FY18 outlook.
MRPL merging with HPCL makes logical sense and will be a big positive for the company, said MK Surana, CMD, HPCL.
Crude oil prices are unlikely to go above USD 60 per barrel and would more likely remain in USD 45-55/bbl range, said MK Surana, CMD, HPCL.
Oil marketing majors gained in trade yesterday following the Oil Minister, Dharmendra Pradhan's assurance that the Oil and Natural Gas Corporation-Hindustan Petroleum Corporation Ltd (ONGC-HPCL) merger, to create a mega oil public sector undertaking (PSU), will be completed in FY18. In an interview to CNBC-TV18, RS Sharma, Former Chairman of ONGC and Vidyadhar Ginde, Oil & Gas analyst at ICICI Securities shared their views about the same.
In an interview to CNBC-TV18, MK Surana, CMD of HPCL spoke about the latest happenings in his company and sector. “Merger of HPCL and MRPL brings a lot of synergies in the system because they are independent refining companies and we have got the shortage of the refining capacities. So that definitely makes a sense,” he said.
In an interview to CNBC-TV18, Sudhir Vasudeva, CMD of ONGC spoke about the latest happenings in the company and the road ahead.
USD 106 per barrel is how much the crude prices could slip to but it will not ease the process of importing crude too much to a country like India. It will be pretty much unchanged. In an interview to CNBC-TV18, PP Upadhya, MD of MRPL spoke about whether the crude prices will impact them or not.
PP Upadhya, MD, MRPL told CNBC-TV18 that the company is not sure whether they are going to import Iranian oil in the month of April because of the uncertainty over the insurance.