Thu, Oct 18, 2018
The government moves to make auto fuels cheaper by asking state-run oil companies take a hit will not impact Reliance Industries' retail fuel expansion plans, a top official has said.
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Wed, Apr 18, 2018
A government push to connect more cities via airports as an expanding middle class increasingly takes to the skies is set to help propel the country`s demand for jet fuel to record highs this year.
Tue, Mar 20, 2018
Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil`s large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year. Essar Oil has long relied entirely on funding from Indian banks while the new shareholders want to reduce exchange costs by adding alternative financing sources and directly use dollars to buy its oil instead
Tue, May 03, 2016
"Although we believe there is no interest due, but as a goodwill gesture oil companies have agreed to pay the interest rate," a Finance Ministry official said. "Seven days US Libor plus 75 basis points equals to an interest rate of about 1.5 %."
Sun, May 01, 2016
Refiners like Essar Oil and Mangalore Refinery and Petrochemicals Ltd (MPRL) owe nearly $6.5 billion in dues to Iran.
Sun, Apr 24, 2016
Reliance Industries, which has a licence to run as many as 5,000 filling stations, had set up 1,433 pumps in the early part of the last decade.
Reliance Industries Ltd (RIL), which operates the world's biggest refining complex at Jamnagar in Gujarat, is looking at quickly ramping up purchases to the earlier levels of about five million tonnes a year.
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