A landmark Supreme Court of Canada ruling that Aboriginals can stake a broad claim to traditional territories could have a significant impact on future development of resources, energy projects and pipelines, including a plan to move crude oil to the Pacific coast for shipment to Asia.
New Delhi: State-owned Bharat Petroleum Corporation Ltd (BPCL) has signed contracts to import over 7 million tonnes of crude oil from Kuwait and the United Arab Emirates (UAE).
BPCL, the nation`s second biggest state refiner, signed term contracts for import of crude oil with Kuwait Petroleum Corp (KPC) and Abu Dhabi National Oil Company (ADNOC) during a visit of high-level delegation led by company Chairman S Varadarajan.
A ministerial panel may on Monday decide on raising petrol and diesel prices by up to Rs 3.50 a litre and domestic LPG rates by Rs 25-50 per cylinder, besides considering raising kerosene prices marginally.
No crude oil was leaking on Friday
from the oil well or rig that sank in the Gulf of Mexico after
its platform exploded, a US Coast Guard commander said, easing
fears of possible environmental catastrophe.
Reliance Industries and Cairn
India will help increase nation`s crude oil output by 11 per
cent and natural gas production by 53 per cent in 2009-10, oil
regulator Directorate General Hydrocarbons (DGH) said on Tuesday.
Oil prices fell for the sixth session to a three-week low of around $77 a barrel on Monday, as poor risk appetite and renewed concerns about energy demand prompted investors to sell down their positions.
The sustainable crude production capacity of UAE will decline marginally to 2.71 million bpd, but will climb steadily thereafter to 2.75 million bpd in 2011, 2.88 million bpd in 2012 and 2.99 million bpd in 2013.