State-owned Bharat Petroleum Corporation Ltd (BPCL) is in talks with neighbouring countries including Bangladesh and Myanmar and others to set up product pipelines, the senior executives of the company said on Tuesday. The focus on neighbouring countries, especially Myanmar, seems important considering the recent tension between India and China over Doklam. Also, plans of similar […]
Rosneft to Close $10 bn Essar Oil, Vadinar Refinery Deal in a Few Weeks
Russian oil major Rosneft on Wednesday said that the company will close $10.9 billion (Rs 72,800 crore) acquisition of Essar Oil and Vadinar refinery within a few weeks. “We are closing the deal of Essar Oil and Vadinar refinery within a few weeks,” said a Rosneft official, president and chairman of Rosneft told the media on the sidelines of Petrotech Summit in New Delhi. This will […]
6,900 km gas pipelines to connect Bangladesh, Myanmar, India
GARTALA: The government has ambitious plan to lay 6,900 km of gas pipelines linking Bangladesh, Myanmar, most north-eastern states, and West Bengal, ONGC Executive director S.C. Soni said here. “As part of Hydrocarbon Vision 2030 for North-eastern region, 6,900 km pipelines would be laid connecting Sitwe (Myanmar), Chittagong (Bangladesh), most north-eastern states, Siliguri and Durgapur,” […]
Energy ministry cools Pertamina speculation
The Ministry of Energy held a press conference yesterday to quash rumours that Indonesian state-owned oil giant Pertamina had signed a contract to distribute petroleum products in Myanmar Indonesian media reported earlier this week that Pertamina was the likely winner of a tender to import, store and distribute petroleum products in Myanmar, quoting the company’s […]