Search Result for : Indian Oil Corporation

PTI India and Sri Lanka will jointly operate the oil storage facility at the strategic eastern port town of Trincomalee, Petroleum Minister Chandima Weerakkody said today. At least 73 of the 99 storage tanks in Trincomalee is to be managed under a new equity arrangement between the two countries, Weerakkody said. To operate the 73 tanks "we will have the joint venture running", Weerakkody said. Sri Lanka will have the ownership of 10 more tanks while another 14 will be handed to India on a long lease, he said. The petroleum minister had presented a Cabinet paper last year for the joint venture and he today said negotiations were still underway on the matter. He said ...

The Dollar Business Bureau India has imposed anti-dumping duty ranging between $23.78 to $300.22 on the imports of  Linear Alkyl Benzene (LAB) from China, Qatar and Iran. LAB is majorly used in the preparation of various detergents. A notice to the effect was issued by the DGAD  via Customs notification no.12/2017-CUSTOMS dated April 11, 2017, to protect the domestic players from the cheap dumping of the shipments. Two Indian companies, Nirma Ltd and Tamilnadu Petroproducts had jointly filed an application on 7th December, 2015 to the DGAD to investigate the cheap dumping of the chemical by various companies of Qatar, China and Iran. There are two other major Indian players in the market, the Reliance group and the Indian Oil Corporation. India ...

The Dollar Business Bureau India and Nepal have agreed to construct a 41-km long petroleum pipeline for the supply of petroleum products including diesel, petrol, and air turbine fuel (ATF) to the land-locked Himalayan nation. The pipeline will ensure smooth flow of petroleum products from Raxaul in Bihar to Amlekhgunj in Nepal. The fuel is currently supplied in containers through highway. India’s Petroleum & Natural Gas Minister Dharmendra Pradhan, who along with senior government officials and representatives from oil companies is on a two-day visit to Kathmandu, has signed an Memorandum of Understanding (MoU) with Nepalese minister for commerce and supplies Sunil Thapa for the construction of pipeline. “Pradhan is visiting Kathmandu, Nepal on August 23-25, 2015. During the official visit he will ...

The Dollar Business Bureau Punj Lloyd Group, today announced winning a Rs 477 crores ($75 million) tankage order from Mitsubishi Heavy Industries Ltd of Japan. The scope of work entails confirmatory geotechnical investigation, early earth works, construction of two 180,000 m3 capacity full containment LNG Tanks on elevated piled foundation for LNG import, storage and re-gasification terminal project of Indian Oil Corporation at Ennore port in Tamil Nadu, India. Once completed (to be completed in 33 months), the LNG imported to the Ennore terminal will be used by utility company power generation plants as an alternative fuel and as feedstock by fertiliser plants. Earlier, Punj Lloyd was also involved in the construction of three of the four LNG terminals of the country ...

The Dollar Business Bureau The proposed Multi-User Proposed Terminal would see its light, as the Kochi port terminal and the Indian Oil Corporation are on the verge of signing an agreement for the same. This would help in importing cooking gas into the Kerala market via Kochi. This decision would help in putting an end to the states reliance on tanker 'lorries' for transporting fuel via road from Mangalore. Movement of tankers have always been a major threat as there have always been number of accidents reported every year. The proposal for building the same has been pending for a very long time. The current decision is that the port authorities have agreed to build the terminal for IOC at a cost ...

Source: PIB, Government of India The Minister of State for Petroleum and Natural Gas (Independent Charge), Dharmendra Pradhan in a meeting with the Minister of Natural Resources of Canada, Greg Rickford, for the 2nd India-Canada Ministerial Energy Dialogue to discuss enhancing energy cooperation between the two countries in the areas of oil, natural gas, clean energy, power transmission and skill development, in Calgary, Alberta, Canada on July 05, 2015. Source: PIB, Government of India   The Minister of State (I/C) Petroleum and Natural Gas Dharmendra Pradhan met Greg Rickford, Minister of Natural Resources of Canada, in Calgary, Alberta, Canada on July 5, 2015 for the 2nd India-Canada Ministerial Energy Dialogue to discuss enhancing energy cooperation between the two countries in the ...