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Petroleum Sector News & Updates - May 20, 2024



Tamil Nadu to get Rs 54,000 crore project including a refinery
Petroleum   -  Jul 07,2023
Indian Oil Corporation Limited (IOCL), Chennai, will invest Rs 54,000 crore in various projects in Tamil Nadu, including a 9 MMTPA grass-root refinery in Nagapattinam. The refinery will produce polypr .


HPCL Rajasthan Refinery receives Rs 9187 crore finance from Power Finance Corporation
Petroleum   -  Jul 07,2023
The HPCL Rajasthan Refinery Ltd. has secured financing of Rs 9,187 crore from the state-owned Power Finance Corporation (PFC). This marks the first project in the refinery and petrochemical industry t .


REC to lend Rs 4,785 crore for refinery project in Rajasthan
Petroleum   -  Jul 05,2023
REC Limited will lend HRRL (a partnership between Hindustan Petroleum Corporation Ltd. and the Rajasthan government) Rs 4,785 crore for their project in Barmer, Rajasthan. HRRL is establishing a green .


PNGRB proposes natural gas pipeline between Jammu and Srinagar
Petroleum   -  Jul 05,2023
The PNGRB has suggested constructing a natural gas pipeline from Jammu to Srinagar in Jammu & Kashmir to address the region's energy requirements. The downstream regulator has initiated a public .


Leading consortium starts production at crucial facility
Petroleum   -  Jul 03,2023
Reliance Industries Limited (RIL) and BP PLC have commenced production from the MJ field, marking the start of their third significant deepwater development in block KG D6 off the coast of India. The .


3600-metre pipeline installed across Subansiri River in Assam: Details inside
Petroleum   -  Jun 28,2023
Ace Energy Infrastructure has constructed a 3600-meter pipeline with a 24-inch diameter across the Subansiri River in Assam. The project, undertaken by Indradhanush Gas Grid Ltd., aimed to extend the .


Assam Cabinet approves Rs 823 crore investment in Numaligarh Refinery
Petroleum   -  Jun 26,2023
The Assam cabinet has approved an investment of Rs 823 crore for the expansion project of Numaligarh Refinery Ltd. The project, costing Rs 28,026 crore in total, will increase the refinery's capa .


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