Reliance Industries to invest $14 billion in oil business India's most valuable company in terms of market capitalization, Reliance Industries Ltd. (RIL) has announced that it plans to invest up to $14 billion in its oil exploration and production business and laying transportation pipelines. 06 Aug 2007
192.
Indian PSUs fare well in 2007 Fortune Global 500 List Indian public sector units (PSUs) have performed well in the recently published 2007 edition of Fortune Global 500 list with state-owned oil producer Oil and Natural Gas Corp (ONGC) moving up 33 spots to be ranked at 369 and Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) making it to the top 15 global firms in terms of biggest increase in profits. 21 Jul 2007
193.
Jailed Russian tycoon sues prosecutors Lawyers for jailed oil tycoon Mikhail Khodorkovsky filed a lawsuit Monday against two state prosecutors, accusing them of ignoring a court decision to transfer him from a Siberian prison camp to Moscow amid a new money-laundering investigation. 04 Jul 2007
194.
ONGC Board OKs $1.56 billion oil, gas investment Indian state-run exploration firm Oil and Natural Gas Corp will invest over Rs. 67 billion ($1.56 billion) to raise oil and gas output, and set up its first large power plant, it said on Wednesday. 11 Apr 2007
195.
IOC to set up $ 3.2 billion chemical hub in West Bengal Indian Oil Corporation (IOC) has signed a memorandum of agreement (MoA) with the West Bengal Industrial Development Corporation (WBIDC) for setting up a chemical hub in Haldia at an investment of around Rs. 15000 crore ($ 3.2 billion). 12 Dec 2006
196.
ONGC's Kazakh deal runs into rough weather India's oil diplomacy seems to have run aground with the Kazakhstan government now offering only a minority 30-35 percent stake in the Satpayev block in Caspian sea against the 50 percent stake announced during a government-to-government dialogue last year. 06 Dec 2006
197.
ONGC-Sinopec partners to bag Columbian oil co. for $ 850 million India's largest oil exploration company, state-owned Oil and Natural Gas Corporation's (ONGC) overseas investment arm, ONGC-VL, and Chinese oil and petrochem major Sinopec's subsidiary, Sinopec International Petroleum Exploration and Production Corporation (SIPC), have partnered to acquire Omimex de Colombia from Texas-based Omimex Resources for $ 850 million. 06 Dec 2006
198.
Stocks dip across the world following North Korea's nuke test Stocks fell across Asia, Europe and in the United States on Monday after North Korea said it carried out a nuclear weapon test, sparking fears that political stability in the region could be undermined. 11 Oct 2006
199.
Indian shares trade flat on oil worries Indian shares defied firm world markets to trade flat to lower on Thursday as crude oil bounced back, stoking investor fears of higher inflation. 30 Sep 2006
