Bharat Oman Refineries IPO set for launch Bharat Oman Refineries Ltd (BORL), an equal joint venture between state-owned Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Co., is set to raise about Rs.2400 crore ($600 million) by tapping the primary market as well as through a pre-IPO placement, to part finance a Rs.10,400 crore ($2.6 billion) refinery project at Bina, Madhya Pradesh. 09 Apr 2008
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L&T wins HPCL's Rs.576 crore order India's engineering and construction major, Larsen & Toubro Ltd. (L&T) has announced that it has won an order worth Rs.576 crore ($145 million) from state-run refiner, Hindustan Petroleum Corp Ltd., (HPCL). 04 Apr 2008
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Mideast private equity firms to raise $50 billion: Abraaj Private equity firms in the Middle East could raise and invest about $50 billion during the next few years as regional governments open their industries to more private investment, Dubai-based Abraaj Capital said. 10 Dec 2007
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Chevron says evaluating options on Reliance Petroleum's stake Chevron Corp, the No. 2 U.S. oil firm, said on Monday it was evaluating its options for its stake in India's Reliance Petroleum, in which majority owner Reliance Industries sold 4 percent last week. 26 Nov 2007
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HPCL plans to inject $4.5 billion over 5 years India's second largest refining and oil marketing company Hindustan Petroleum Corporation Ltd (HPCL) plans to inject $4.5 billion over a period of five years in fields of exploration, gas marketing and petrochemicals. 21 Nov 2007
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Essar Oil plans $6 billion refinery expansion Essar Oil said on Friday it will spend about $6 billion to expand its refining capacity, and added it had shelved a plan to delist the company's shares from the Indian stock market. 16 Nov 2007
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Govt says may hike fuel price or cut duty next week India is considering raising fuel prices but, in all probabilities, will just be content in cutting duties in a bid to ease the pain of state oil firms hit by the surge in global crude prices. 03 Nov 2007
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Reliance Petroleum spends $5.6 billion on refinery Reliance Petroleum Ltd, which is building a 580,000 barrel per day (bpd) refinery, has spend Rs.21975 crore ($5.6 billion) until Sept. 30 on the project, the company said. 17 Oct 2007
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Reliance eyeing acquisitions, rural push Reliance Industries Ltd plans to invest $8 billion to $9 billion over three to four years at its petrochemical and refining complex in Gujarat, Chairman Mukesh Ambani said. 12 Oct 2007
