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Refineries Sector
 
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Over 15,000 MW capacity plants stuck with no supply by RIL       21st-May-2013
Almost 37 power stations in India have received zero supply of natural gas from Reliance Industries Limited's KG Basin.
Essar Energy Mauritius arm to buy 2.4%-stake in Essar Oil       20th-May-2013
London-listed Essar Energy Plc on Monday said its Mauritius-based unit will buy a 2.41-percent stake in Essar Oil for over Rs 267 crore.
Essar Oil to ink MoU with Chinese bank       20th-May-2013
During Chinese Prime Minister Li Keqiang's visit to Mumbai, Essar Oil Ltd is likely to sign a MoU for up to USD 1 billion loan deal with a Chinese bank.
IOC achieves breakthrough in use of non-edible oil       20th-May-2013
State-owned Indian Oil Corp (IOC) on Monday said it has developed technology that will help advance the use of non-edible oil extracted from plants like jatropha (bio-diesel) in auto fuels.
RIL restarts crude unit after brief shutdown       20th-May-2013
The world's largest refiner restarted its Crude Distillation Unit (CDU) after being shut for a week for maintenance
BPCL signs wage pacts with Kochi refinery worker unions       18th-May-2013
BPCL on Friday signed lon-term wage settlement pacts with three recognised employee unions at its Kochi refinery.
HPCL shuts CDU unit after fire at Visakhapatnam refinery       17th-May-2013
The fire, which was put out immediately, resulted in the shutting down of a 3 million tonnes a year crude distillation unit (CDU) at the refinery, one of the officials said.
No LPG to houses with multiple-connections from June 1        16th-May-2013
Cooking gas or LPG supplies to households having unverified multiple connections will stop from June 1, state-owned oil firms announced on Thursday.
Mukesh Ambani foregoes Rs 24-cr from RIL salary       13th-May-2013
Mukesh Ambani, head of Reliance Industries, has forgone his Rs 24 crore salary, as approved by shareholders and capped Rs 15 crore for fifth year in a row.
Oil Ministry proposes abolishing gas priority       12th-May-2013
Sources said the current KG-D6 production of about 15.3 mmscmd is just sufficient to meet the full requirement of fertiliser sector and some of LPG plants, leaving no gas for power plants.
Essar Oil bullish on distribution, to add 50 more outlets       12th-May-2013
Essar Oil is looking to ramp up its retail network by adding around 50 new franchisees and five company-owned outlets this fiscal on the back of steps taken by the government to get diesel prices in sync with the crude price.
Diesel-price hike to cut underrecovery by Rs 3: BPCL       10th-May-2013
RK Singh, CMD, BPCL says, in an interview to CNBC-TV18, that the current diesel-price hike will cut underrecovery on diesel by Rs 3.
Diesel price hiked by 90 paise per litre effective midnight       10th-May-2013
On Friday May 10 diesel prices by Rs 1.02 litre. It was the fourth increase in prices this year.
Essar oil hopes to refinance $1.8bn of debt in 3-6 months       10th-May-2013
Essar Oil has RBI approval for refinancing upto USD 2.27 billion of rupee debt to dollars, and so far it has refinanced USD 481 million.
Govt seeks details from RIL on KG-D6 investment       7th-May-2013
The government has asked for certain clarifications from Reliance Industries on the revised investment plan the company had submitted for the main gas producing fields in the eastern offshore KG-D6 block.

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