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Cairn India to invest US$ 1 billion in five projects to ramp up production Mumbai: Cairn India Ltd (CIL) plans to invest US$ 1 billion in Raageshwari Deep Gas (RDG) project, the enhanced oil recovery (EOR) programme at Aishwariya fields, the EOR programme at Bhagyam and Barmer Hill and Aishwariya Barmer Hill constituting ab...

Livemint February 14, 2017

At 19 million tonnes|year, India 2nd-largest LPG user in world New Delhi: India has become the second largest user of domestic liquefied petroleum gas (LPG) in the world with 19 million tonnes per year consumption, due to rapid rollout of ‘Ujjwala’ scheme for providing free LPG connections to poor ho...

Economic Times February 08, 2017

Budget 2017: Arun Jaitley proposes plan to merge state firms to create global oil major New Delhi: The Government of India plans to merge state oil companies to create an integrated oil major that could compete globally, and utilise the synergy between various state entities for achieving efficiency and cost competitiveness in order to ...

Livemint February 02, 2017

IOC to foray into Bangladesh, Myanmar & others New Delhi: Mr B Ashok, Chairman, Indian Oil Corporation (IOC), has announced plans of expanding the organisation’s operations in South Asian countries like Bangladesh, Myanmar, Vietnam and Nepal across fuel retail, pipeline and refinery sectors...

Business Standard February 01, 2017

ONGC to invest Rs78,000 crore in KG basin, signs deal with Andhra Pradesh New Delhi: Oil and Natural Gas Corporation Ltd (ONGC) has signed an agreement with the Government of Andhra Pradesh for investing around Rs 78,000 crore (US$ 11.4 billion) in the Krishna Godavari basin for producing hydrocarbons by FY 2021-22....

Livemint January 30, 2017
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