Indian Oil to invest $2.25 billion on cleaner fuel India's largest refiner, Indian Oil Corporation (IOC) announced Monday that it would invest Rs.9000 crore ($2.25 billion) to improve the quality of petrol and diesel production that would meet tighter regulations due to come into force from April 1, 2010. 12 Feb 2008
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Decision on fuel prices likely in Jan: Deora Oil minister Murli Deora said on Thursday that a decision on whether to raise fuel prices would probably be taken by the end of this month. 03 Jan 2008
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Oil hits record $100 a barrel Oil prices vaulted to a record $100 a barrel on Wednesday as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying, dealers said. 03 Jan 2008
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Indian Govt. may raise fuel prices in early Feb: Official India is expected to raise retail fuel prices in the first week of February, oil secretary M.S. Srinivasan said on Wednesday, a move that could accelerate inflation. 02 Jan 2008
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Govt must raise fuel prices, cut duties: CII India has to raise retail fuel prices at the earliest as global prices continue to remain firm, an industry body said on Wednesday as it urged the central government to cut duties to soften the impact on consumers. 02 Jan 2008
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Bin Laden says U.S. seeks to exploit Iraqi oil Al Qaeda leader Osama bin Laden accused Washington of plotting to take control of Iraq's oil and urged Iraqis to reject efforts to rebuild a U.S.-backed national unity government there. 30 Dec 2007
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ONGC may raise $20 billion for foreign buys: Report Indian state-run explorer Oil and Natural Gas Corp (ONGC) could build a war chest of $20 billion to buy stakes in major oil and gas properties overseas, the Financial Express reported on Thursday, citing its chairman. 27 Dec 2007
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India's ONGC features in Fortune's "World's Most Admired Companies" list State-run oil exploration firm and India’s largest PSU, Oil and Natural Gas Corporation (ONGC) has earned the unique distinction of being the only Indian company to enter the annual list of world’s most admired firms compiled by the Fortune magazine and global consulting firm Hay Group. 26 Dec 2007
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ONGC board approves $696 million in upgrade, capex State-run explorer Oil and Natural Gas Corp will spend $696 million in upgrading pipelines and in capex for offshore fields, it said on Monday. 24 Dec 2007
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Chavez signs new energy deal, accords with Cuba Venezuelan President Hugo Chavez bolstered his cooperation with Cuba on Saturday by signing energy, farming and finance accords, including a deal to expand of one of his socialist ally's oil refineries. 23 Dec 2007
