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petroleum Sector News & Updates - December 5, 2025



Indian Oil & Praj to collaborate for building Biofuels production capacities in India
Petroleum   -  Jul 10,2023
Indian Oil Corporation Limited (Indian Oil) and Praj Industries Limited (Praj) have signed a term sheet to enhance India's biofuel production capacity. The agreement covers various biofuels such .


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 .


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 .


Vizag refinery to operate at expanded capacity from early 2024
Petroleum   -  Jul 07,2023
Hindustan Petroleum Corp Ltd (HPCL) aims to operate its Vizag refinery at full capacity by early next year. With the addition of new secondary units, including a 9 million tonnes per year crude unit, .


JV signed to advance biofuels production capacity in India
Petroleum   -  Jul 07,2023
Indian Oil Corporation Limited (IOCL) and Praj Industries Limited (Praj) have signed a term sheet to enhance India's biofuel production capacity. The memorandum of understanding (MoU) includes va .


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 .


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 .


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 .


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