India oil

Crude oil processing: India witnesses biggest drop in nearly two decades

Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed.

May 25, 2020, 15:54 PM IST

Crude oil, gas and refinery output slips

As per data released by Ministry of Petroleum & Natural Gas, crude oil production during July, 2019 was 2768.95 TMT (thousand metric tons) which is 5.41 per cent lower than target and 4.40 per cent lower when compared with the corresponding month last year.

Aug 22, 2019, 11:09 AM IST

UAE assures supply of oil, LPG to India despite tanker attacks: Pradhan

India is 83 percent dependent on imports to meet its oil needs and is reliant on nations like the UAE to meet half of its cooking gas (LPG) needs.

Jun 18, 2019, 10:11 AM IST

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

May 22, 2015, 11:44 AM IST

Essar Oil's CBM block production rises to 0.5 mmscmd

Essar Oil said it has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms and last mile pipeline connectivity network to end users of about 60 kms.

Apr 06, 2015, 15:45 PM IST

Essar Oil becomes India's largest CBM gas producer

Indian oil and gas producer Essar Oil on Monday said it has become India`s largest coalbed methane (CBM) gas producer as its gas unit in Raniganj in West Bengal crossed production of 5 lakh standard cubic metres per day (scmd) recently.

Apr 06, 2015, 15:36 PM IST

India makes first crude oil purchase for strategic reserve

Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus.

Mar 30, 2015, 20:51 PM IST

Make India energy sufficient, cut imports: PM

Modi said plans are afoot to provide piped gas connection to 1 crore households in the next four years from 27 lakh presently.

Mar 27, 2015, 15:02 PM IST

Modi says India should try to cut oil imports by 10% by 2022

Prime Minister Narendra Modi said on Friday India should try to cut oil imports by 10 percent in 2022 from 77 percent now.

Mar 27, 2015, 12:21 PM IST

India asks state oil producers to pay $1.75 billion subsidy for December quarter: Source

India has asked oil producers to provide 108.96 billion rupees ($1.8 billion) in subsidies to cover some of the losses of state retailers selling fuel at government-set low rates, a source familiar with the plan said on Thursday.

Feb 12, 2015, 22:13 PM IST

India needs multi-pronged approach to energy security: Oil Sec

Oil Secy stressed for a time-bound action plans for carrying out futuristic research.

Apr 18, 2014, 17:23 PM IST

Moily walks the talk: takes Metro to office to save fuel

Leading by example, Oil Minister M Veerappa Moily today took the metro to office as part of his drive to promote fuel conservation and help cut India's massive oil import bill.

Oct 09, 2013, 13:36 PM IST

India to build its first strategic oil storage by January 2014

India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily said today.

Sep 27, 2013, 20:57 PM IST

Govt caps upstream oil cos' subsidy share at $56 per barrel

"Their contribution will be capped at USD 56 per barrel," Oil Minister S Jaipal Reddy said at the Economic Editors Conference here.

Oct 09, 2012, 22:19 PM IST

India reduced import of Iranian oil: Report

In the last four years, India has significantly reduced its import of Iranian oil by volume from 16 percent in 2008 to 10 percent now, a US Congressional report has said.

May 08, 2012, 11:37 AM IST

India rebuffs China's objections to oil exploration in Vietnam

India Thursday dismissed Chinese objections over its oil exploration projects in two Vietnamese blocks in the South China Sea, saying its cooperation with Vietnam was as per international laws and it would like the cooperation to grow.

Sep 15, 2011, 21:49 PM IST