Policy
US LPG May Find Entry Into Indian Market Difficult
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Modi Govt. Grants Infrastructure Status To Hydrocarbon Sector
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India’s Ambitious Plan For Doubling Its Refinery Capacity
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Splitting Gas Transportation & Marketing Major GAIL
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RIL- BP To Activate Gas Marketing Joint Venture IGS
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Regulation
ONGC To Review R& D Strategy, Step Up Spend
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Industry Initiative For Crisis Management In Oil Fields?
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Petrochemical Route Of Refineries Can Raise Naphtha Consumption
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After A Long Gap PNGRB Begins To Function
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Alternative Energy / Fuel
100% Ethanol-Run Bikes To Be Launched This Month
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New Projects
NPCC Of Abu Dhabi Opens New Facility In Hyderabad
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IOC Claims ‘Tech Breakthrough’ In Octomax Unit
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GAIL Places Order For Rs 4.40 Bn Urja Ganga Pipeline Contract
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Essar Oilfields Wins Contract From ONGC
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Market Watch
LPG Dealership Expands
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Companies
Air Products
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ONGC Announces Discovery From Cauvery Basin
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BPCL Q3 Net Profit Plunges, GRM At $7.89 Per Barrel
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IOC Reports GRM Of $ 8.8 Per Barrel, Doubles Profit
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Welspun Corp Receives Orders For 232,000MT Of Pipes
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Press Release [FREE Access]
Latest Exclusives
February 19, 2018: Oil and Natural Gas Corporation (ONGC), the state-owned upstream major, has acquired the government stake in downstream company, Hindustan Petroleum Corporation Ltd (HPCL), making it an ONGC subsidiary. This merger is unlikely to affect the ongoing infrastructure and capacity expansion projects undertaken directly and in joint ventures. Click Special Database for details of these projects.

February 16, 2018: Will the visit of Iranian president Hassan Rouhani to India make a difference to bilateral economic relations? There is a strong possibility. The leadership of both the countries understand that they need each other. Indian PSUs’ deal with UAE for a 10 per cent equity stake in a major oilfield in that country should have an impact on Iran’s attitude towards project like Farzad-B. Click IOG Exclusive for details.

February 15, 2018: India has two main inflation measures which are based on Wholesale Price Index (WPI) and the Consumer Price Index (CPI). How do petroleum product prices influence WPI and CPI. Click column Special Database for details.

February 12, 2018 | Terminal Illness: Castles Built On Hot Air: The latest article in column Petro Intelligence begins with an observation in a recent issue of The Economist, London. India is large with a population of 1.3 billion and is rated to be the most surging economy in the world. But the market is extremely price sensitive as well. Indian businessmen have proposed quite a few LNG regasification terminals on the basis of the gas demand projected by the so-called experts. LNG can be expensive which only a small section of the Indian industry can afford. The power sector has already shied away from regasified LNG. Will the government be able to realise its dream of raising the share of natural gas in the country’s energy mix from the present 6.5 per cent to 15 per cent by 2030? How may regasification terminals can be commercially successful? Is there any realistic assessment of the gas demand in the country? Click Free Access column Petro Intelligence for a comprehensive piece on the subject.

Today's News [FREE Access]
Iran deepens freight discount to boost oil sales to India: sources
February 19, 2018: Iran has offered to raise the freight discount on oil sales to India in return for New Delhi agreeing to boost imports, as the OPEC member is keen to eat into the market share of other producers including top rivals Saudi Arabia and Iraq. Iranian President Hassan Rouhani shakes hands with India's Prime   more..


ONGC Videsh to bid for Iran’s South Azadegan oilfield, rework Farzad-B cost
February 19, 2018: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), will bid for development rights of Iran's giant South Azadegan Oilfield in direct competition with the likes of global giants like Shell, France's Total, Petronas of Malaysia and Russia's Gazprom. OVL will also rework the $6.2 billion   more..


Indian Oil to invest Rs 700 billion to expand refining capacity
February 19, 2018: Indian Oil Corp (IOC) will invest Rs 70 billion to raise its oil refining capacity by about a quarter by 2030 as it takes the lead to meet rising energy needs of the country. IOC will expand its refining capacity to 116.55 million tonnes per annum (MTPA) by 2030 from the current 80.7 MTPA with an investment   more..


India, Iran ink pact to avoid double taxation, prevent fiscal evasion
February 19, 2018: India and Iran today signed an agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with regard to taxes on income. The agreement is on similar lines as entered into by India with other countries, the Central Board of Direct Taxes (CBDT) said in a statement. “The agreement will   more..


Uncertainty looms over mega petrochemical project in AP
February 19, 2018: The proposed petrochemical complex at Kakinada in Andhra Pradesh, a joint project of GAIL and HPCL, seems to have hit a roadblock with the Centre asking the state government to pay Rs 50 billion upfront in the form of viability gap funding (VGF). Establishing a greenfield crude oil refinery and   more..


Nepal-India cross-border oil pipeline project expedited
February 19, 2018: The Nepal-India cross-border oil pipeline project — Motihari-Amlekhgunj petroleum pipeline project, previously called Raxaul-Amlekhgunj oil project — has been expedited with the active participation of Indian Oil Corporation. On the Nepali side, the pipes will be laid along the 36.2 kilometre   more..


Rakesh Jhunjhunwala-backed John Energy files Rs 3.50 billion IPO papers
February 19, 2018: John Energy, backed by ace investor Rakesh Jhunjhunwala, has filed draft papers with markets regulator Sebi to raise an estimated Rs 3.50 billion through an initial public offering. The IPO comprises fresh issuance of shares worth Rs 2.18 billion and an offer for sale of up to 16,77,744 scrips by the   more..


India to get control of key Chabahar port in Iran for 18 months
February 19, 2018: India and Iran have signed a significant pact which gives New Delhi operational control of a part of the strategically located Chabahar port on the Gulf of Omanfor 18 months. The agreement was signed after Prime Minister Narendra Modi held wide-ranging talks with Iranian President Hassan Rouhani, focussing   more..

Petropulse / Guest Column
Overhaul Energy Strategy Introduction
by Maj. Gen. S.Maj. Gen. S.C.N. Jatar (Retd.)C.N. Jatar, (Retd)*| “Climate Change” is a major challenge facing the fossil fuels industry today. Globally fossil fuels supply more than 75 per more...

IOG Exclusive
Visit of Iranian President opens a sliver of hope for Farzad-B deal?
February 16, 2018: The Indian side seems to be making one last concerted effort to revive the proposed Indian investment to develop the large Farzad-B field in Iran during the forthcoming visit of the Iranian President Hassan Rouhani to India. The field was discovered by the Indian consortium of ONGC Videsh (OVL), Oil India more...

Indian PSUs to Aggressively Pursue EOR/IOR Projects
January 31, 2018: Faced with declining production from its ageing fields and encouraged by the scheme of incentives in the newly announced EOR (Enhanced Oil Recovery) policy, ONGC and Oil India Ltd (OIL) are preparing to enhance their investment in EOR projects. There has been no major commercial oil or gas more...

Iran Announces Deals With Countries, No mention Of India
January 29, 2018: A senior Iranian oil official has indicated that his country was looking to sign big deals with companies from Russia, Europe, China etc- but there was no mention of India. Iran was also looking to sign large deals with Japanese, Chinese and Korean companies for upgrading some of its refineries. This more...

ONGC’s Search For Producing Assets
January 17, 2018: In recent times, there has been considerable noise generated about the Government’s proposal to allow private sector firms to take equity stake in the blocks earlier given to the flagship PSU firms on a nomination basis. This was ostensibly to help increase production from these fields, as it was felt more...

CERA Week sees plenty of action
October 13, 2017: There was plenty of action at the CERA Week held in New Delhi over the past few days. It was firstly in itself notable that this forum was held in India, being normally held in Houston. In fact, the Indian Petroleum and Natural Gas Minister Dharmendra Pradhan emphasized as much and also felt that going more...

Hydrocarbon Re-assessment Exercise Progressing As Scheduled
October 3, 2017: The multi-organisation team comprising Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Directorate General of Hydrocarbons (DGH) has been carrying out the exercise of reassessing hydrocarbon resources in the country. According to official sources, as on March 31, 2017, the more...

LNG sector continues to see considerable action
September 27, 2017: The LNG space in India seems to be hotting up, owing no doubt at least in part to the fact that LNG prices are expected to remain relatively subdued for the next few years due to the several new LNG supply projects scheduled to come on-stream. Besides entities in the oil and gas value chain such as PSUs more...

Chinese firm acquiring part of Rosneft has implications for India
September 12, 2017: In a recent interesting development, it has been reported that Chinese conglomerate CEFC is purchasing a 14.16 percent stake in Russian oil major producer Rosneft, one of the largest oil producers in the world. The stake sale is not from the Russian Government, but from the consortium of Glencore and the more...

Retail prices of petrol and diesel seem to reflect the old consumer concern
August 29, 2017: The ushering in of daily price revisions in the retail of petrol and diesel has brought in new dynamics into the sector. Particularly worth noting is how the retail prices have seen an increase over the last few weeks. For example, a quick glance at the price levels indicate that the price of more...

LNG helps tiny Qatar to punch above its size and weight
July 7, 2017: The recent turmoil in the Middle east with respect to energy rich Qatar has thrown up some major ramifications for India, now that Qatar has stated that it wishes to increase its LNG output by a third to as much as approximately 100 million tons per annum (mtpa) (Qatar is already the world’s largest more...

Sale of Kenyan trial cargoes to India of some note
April 24, 2017: In recent news, it appears that Asian countries China and India have emerged as main buyers of the trial cargoes of crude oil that Kenya plans to export beginning from June this year (although this is not fully confirmed at present). Apparently, the Turkana crude would be exported from the more...

Policy for extension of pre-NELP blocks positive but increased Government take a possible dampener
April 4, 2017: The Union Cabinet has approved a policy to grant extension to the extant Production Sharing Contracts (PSC) for pre-NELP blocks. This was timely for some of the licenses earlier granted for these blocks were reaching the end of their initial grant period, including that of the Cairn India operated Rajasthan more...

EIL Gets Engineering & Procurement Consultancy Contract For Expansion Of Dangote Refinery
March 29, 2017: Aliko Dangote is the richest Nigerian and he is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa . He is India’s Mukesh Ambani in Africa. The refinery being put up by the group, expected to be the largest single refinery in the world, has awarded more...

Special Reports
Agreement to acquire stake in ADNOC’s concession significant for India
Mohammed Bin Zayed Al NahyanFebruary 13, 2018: In a significant development during the visit of Indian Prime Minister Narendra Modi to the United Arab Emirates (UAE), ONGC Videsh Ltd (OVL) and its partners more...

Presentation made in 2009 by Dr. Bhamy V. Shenoy at a conference in the Columbia University
February 6, 2018: Dr. Bhamy V. Shenoy is an acknowledged oil expert. A graduate from Madras IIT, he worked with multinational oil companies and various governments of Central Asia and Caucasus in developing legal regulatory and administrative reforms in oil and gas sector. While commenting on the article The more...

ONGC Opts To Make Statement Of Reserve Recognition Accounting
January 19, 2018: Reserve Recognition Accounting (RRA) is a voluntary disclosure towards recognizing income at the point of discovery of reserves and seeks to demonstrate the intrinsic strength of more...

Middle-East to India Deepwater Natural Gas Pipeline (MEIDP)
December 8, 2017: The New Delhi-based, South Asia Gas Enterprise Pvt Ltd (SAGE), and SBI Capital Markets made a presentation on Middle East To India Deep Water Gas Pipeline to chairman of Niti Aayog and his team. Click HERE for Presentation. more...

Assessment report: Primary survey on household cooking fuel usage and willingness to convert to LPG
November 14, 2017:The government of India declared 2016 as “The Year of LPG Consumers “with focus on supplying LPG to majority of households in three years from 2017. To capture detailed data on the subject, Ministry of Petroleum and Natural Gas assigned CRISIL, an S&P Global company, a primary Survey across more...

Indian Water-Energy Nexus scenario
The Baroda-based, Centre for Fuel Studies & Research (CFSR), is a body of energy experts. It has been bringing out well-researched studies on energy issues. The latest one is a comprehensive study on India Water-Energy Nexus Scene. Click HERE for the study in full. more...

Government going all out to try to increase domestic Crude production
November 7, 2017: The Government seems to be going all out to try and increase India’s oil and gas production- not a bad thing since output has been stagnant or declining over the past several years, with hardly any major new discovery being made since the oil find in Barmer, Rajasthan by a then relatively small foreign more...

OALP sees initial positivity but more analysis needed
October 30, 2017: The Government’s new Open Acreage Policy seems to have got off to a decent start. However, one would need to examine the bids and results closely; and wait and see whether it achieves its objectives. The Government had finally succeeded in getting the Open Acreage Licensing Policy more...

Views
Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth: India's Crude Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million barrels and will reach 4 Million by 2016. Internal production is now less than 0.8 Million Barrels a day. It more...

The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits? The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...

Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...

The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...

Personalities
Subhash Kumar Takes Charge As Director (Finance) Of ONGC
Subhash KumarSubhash Kumar has taken charge as Director (Finance) Oil and Natural Gas Corporation (ONGC). Before joining as Director (Finance) of ONGC, Kumar served a brief stint with Petronet LNG Limited where he more...

S.K Barua Is MD Of NRL
S.K. BaruaS.K Barua has taken over as Managing Director of Numaligarh Refinery Limited (NRL). Barua was selected by Public Enterprise Selection Board and the Appointments Committee of the Cabinet has approved the same on more...

Tahiliani Appointed CEO Of India Gas Solutions
Vinod TahilianiIndia Gas Solutions Pvt Ltd - the 50:50 joint venture of UK's BP plc and Reliance Industries has named Vinod Tahiliani as the new chief executive. Tahiliani has joined India Gas from BP India. more...

Renish Group Appoints Rakesh Mehra As CEO, Southeast Asia
Rakesh MehraRenish Group, the USD 600 million firm in the oil storage space, has appointed Rakesh Mehra as its new CEO for Southeast Asia. Mehra has been appointed as the Group's Director - Strategy and Planning more...

S N Pandey Appointed MD, CPCL
S.N. PandeyS N Pandey assumed charge as Managing Director (MD), Chennai Petroleum Corporation Limited (CPCL) for a period of five years. Prior to joining CPCL he served as Executive Director, Indian Oil Corporation more...

Indian Petro Scene - In a Nutshell
Vast areas of India’s sedimentary basins remain unexplored. The exceptional discoveries of oil and gas in recent years have placed India firmly on the global oil and gas map and brought about a  paradigm shift in the minds of potential investors in the upstream sector in India. India imports more than 70 per cent of its crude requirement which is the single biggest item of foreign exchange outgo. But at the same time petroleum exports constitute the country’s single largest item of foreign exchange earner. Till about 12 years ago, the petroleum sector was almost totally controlled by national oil companies. Today, there are many players both in the upstream and downstream sectors. Indian oil scene looks vibrant.

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Petro Intelligence [FREE Access]
Terminal Illness: Castles Built On Hot Air
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The Great Game: Pakistan Becomes The Cat’s Paw
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Putin’s Great Game: A Gas Pipeline To India
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ONGC: More Sinned Against….
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Foreign Investment
RIL, BP To Acquire Niko’s 10% Stake In Gas Block
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RIL-BP JV To Start Selling Imported LNG In 12-18 Months
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Overseas Investment
Returns From Mozambique Investment To Be Delayed
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Gas Scene
Gas Sector Growth - China and India
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Gas share in Energy-Mix India
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Gas Share in Energy in select countries
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Domestic Gas Prices in recent months
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Domestic Natural Gas Scene In December 2017
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Sector-wise Consumption of Natural Gas in November 2017
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List Of Importers & Source-Wise LNG Imports In November 2017
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Gas pipelines under execution / construction as on 1st November, 2017
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Capacity Utilisation of Gas Pipeline Network as on 1st October, 2017
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Status of Coal Bed Methane Gas development in India (Sept 2017)
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Status of Shale Gas and oil development in India
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Sectoral Consumption of gas in October 2017, far below demand projections
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LNG Imports and Domestic Gross Natural Gas Production In October 2017
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Update: CNG Stations & Vehicles and CNG Sales
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Update: CGD Factsheet as of September 2017
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Domestic Gas Price (November 2014 -March 2015 to October 2017 - March 2018)
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Source-Wise LNG Imports In September 2017
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ONGC Asset-wise gas flaring in FY 2016-17
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
HPCL: Infrastructure & Capacity Expansion Projects
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Impact of Petroleum Prices On CPI & WPI
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Fuel & Loss
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Month–wise price in Indian crude basket
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Power deficit: Region-wise position for December, 2017
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India’s Crude Imports From OPEC Countries Registers Further Decline In December 2017
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HPCL’s unique position in India’s oil industry
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Total reserves of ONGC group as on April 1, 2017
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End-Use Sectors of High Speed Diesel
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IOC’s Unparalleled Cross -Country Pipeline Network, Market Share, Throughput and Capacity Utilisation
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Petroleum products demand & Gross Domestic Product (GDP) during five year period
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Retail Selling Prices of Petrol and Diesel: India vis-a-vis Developed Countries
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Status of blocks under NELP (2017-18)
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Petroleum Sector’s Contributions To States Through Taxes
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Revenue from the Petroleum Sector and Payout from Government for petroleum subsidy
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Important terms in pricing of petroleum products
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India’s Region-Wise Crude Imports in November 2017
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Retail Selling Price (RSP) of major products in India & neighbouring countries
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High Sulphur Crude Processing Hits An All Time High
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Oil India Ltd Cost Structure
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Specific energy consumption (MBN number) of PSU refineries
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Uptrend Stalled In Distillate Yield Of PSU Refineries
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Oil India Ltd : Large and Diversified Domestic Reserve Base
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Tenders [FREE Access]
Vedanta Limited
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