Essar to build new oil refinery in Gujarat The Essar group will raise its total refining capacity to 680,000 barrels per day (bpd) by June 2010 by setting up a new plant and expanding capacity at an existing unit, a top company official said. 11 Oct 2007
182.
Indian Govt. to issue $3 billion oil bonds to PSUs The Indian Government has announced its decision to issue oil bonds worth $3 billion (Rs.12000 crore) by mid-October to the public sector oil marketing companies. 10 Oct 2007
183.
India mulls bonds for state oil companies Indian Oil Minister Murli Deora met the prime minister on Monday to discuss a compensation package for state oil firms for selling fuel at below their cost, and the possibility of raising fuel prices, a senior oil ministry official said. 09 Oct 2007
184.
ONGC to spend $1.4 billion on redevelopment of oil field Indian state-run oil explorer Oil and Natural Gas (ONGC) said it will spend Rs.5713 crore ($1.43 billion) on the second phase of the redevelopment of a key field off India's west coast. 04 Oct 2007
185.
India to become sunflower oil exporter: Oil World India, generally a large sunflower oil importer, will soon start sun oil exports but it is uncertain how long foreign sales would continue, Hamburg-based oilseeds analyst Oil World said. 03 Oct 2007
186.
India's August crude oil imports up 9.7 percent y/y India imported 9.7 percent more crude in August from a year earlier as strong margins overseas made oil product exports attractive while domestic demand grew at a modest rate, official data showed. 28 Sep 2007
187.
Videocon, BPCL acquires stake in Brazilian oil exploration co. A consortium of India's leading consumer electronics manufacturer, Videocon, and a unit of India's third largest oil refiner, Bharat Petroleum Corp. Limited (BPCL), has acquired a considerable stake in Canadian natural gas producer EnCana Corp.'s Brazilian unit for about $165 million. 19 Sep 2007
188.
ONGC, BP ink deal on oil and gas exploration and production State-run oil explorer and producer Oil and Natural Gas Corporation (ONGC) has tied-up with British oil giant BP (British Petroleum) for oil and gas exploration and production in India and abroad. 02 Sep 2007
189.
Oil strike called off as Govt. agrees to demand A nationwide indefinite call for strike by the 45000-strong Oil Sector Officers Association (OSOA) was called off within hours of going on, Tuesday, August 21, after the government gave in to their demands of a higher interim relief in lieu of delays in revising their wages. 22 Aug 2007
190.
Oil cos. go on indefinite strike today, may cripple nation An indefinite strike called by the Oil Sector Officers Association (OSOA), Tuesday, August 21, following failed talks with the petroleum ministry on several issues including demands for higher wages is set to cripple the nation, affecting public transportation and aviation services. 21 Aug 2007
