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India's biggest oil refinery to cost $30 billion: IOC

India's biggest oil refinery to cost $30 billion: IOC

India's biggest oil refinery that state-run IOC, BPCL, HPCL and EIL plan to set up on the west coast will cost USD 30 billion or Rs 2 lakh crore, a senior official said.

IOC to invest Rs 1,800 cr in upgrading Koyali refinery

Indian Oil will invest about Rs 1,800 crore to upgrade its Koyali refinery to produce fuel compliant with Euro-IV emission norms, a top official said Tuesday.

India invites Canadian firms to invest in energy infra

India has invited Canadian firms to invest in energy infrastructure and offered to jointly underwrite large projects like LNG terminals as well as refinery and petrochemical plants.

India's infra sector performance improved in FY15

India's infrastructure performance in 2014-15 was better than the previous fiscal, as production of inputs including power, steel, coal and cement moved up.

Former CEO of Brazil's Petrobras says no way to discover wrongdoing

The former head of Petrobras said on Thursday there was no way the state-run oil company could have discovered the massive corruption scheme that is adding to Brazil`s economic and political troubles.

Shell sells Australia service stations, refinery for $2.6 bn

Global energy giant Shell announced Friday it is selling 870 service stations and its last remaining Australian refinery to Swiss-based oil giant Vitol for USD 2.6 billion.

RIL keen on Cairn crude for Jamnagar SEZ refinery

Official sources said the company's request would be considered by the Board of Approval, headed by Commerce Secretary Rahul Khullar.