Crude oil
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Business
Cabinet approves Deregulation of Sale of Domestically Produced Crude Oil
New Delhi : The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved ‘Deregulation of Sale of Domestically Produced Crude Oil’, whereby Government has decided to cease allocation of crude oil and condensate w.e.f. 01.10.2022. This will ensure marketing freedom for all Exploration and Production (E&P) operators. The condition in the Production Sharing Contracts (PSCs)…
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Business
After Indian Oil, Now Hindustan Petroleum Has Bought 2 Million Barrels Of Crude Oil From Russia, Mangalore Refinery Also In Line
New Delhi (NewsReach) : Indian refinery companies have stepped up efforts to import oil from Russia at subsidized rates. According to the report of news agency PTI, after Indian Oil Corporation (IOC), now Hindustan Petroleum Corporation Ltd (HPCL) has also bought 20 lakh barrels of Russian crude oil. After Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd bought Russian crude…
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