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Petroleum Sector News & Updates - January 16, 2026



MRPL to produce green aviation fuel
Petroleum   -  Dec 21,2023
Mangalore Refinery and Petrochemicals (MRPL) plans to establish a 20 KLPD sustainable aviation fuel (SAF) plant within two years, pending necessary board approvals. Estimated at Rs 450 crore, the plan .


Bharat Petroleum Corporation Ltd approves establishing of new Polypropylene unit
Petroleum   -  Dec 20,2023
Bharat Petroleum Corporation Limited's board has approved a proposal for a Polypropylene (PP) Unit at Kochi Refinery, with a production capacity of 400 Kilo-Tonnes Per Annum and a gross project c .


ONGC to start commercial oil production from KG block
Petroleum   -  Dec 05,2023
ONGC to commence commercial crude oil production in May 2024 from its delayed flagship deep-sea project in the Krishna Godavari basin. The KG-DWN-98/2 project faced geological challenges and implement .


Hindustan Unilever teams up with Brookfield for 45 MW solar energy park
Petroleum   -  Dec 05,2023
Hindustan Unilever collaborates with Brookfield to establish a 45 MW solar energy park in Rajasthan, aligning with its net-zero goal. The company's board approves a maximum equity investment of 2 .


HPCL to commission Chhara LNG terminal in 2-3 months
Petroleum   -  Dec 04,2023
Hindustan Petroleum Corporation Ltd. (HPCL) receives offers from six to seven companies to lease capacity at the 5 million tonne per year Chhara LNG import facility in Gujarat. Set to commence operati .


IOC raises Panipat refinery expansion cost by 10 per cent
Petroleum   -  Dec 04,2023
Indian Oil Corporation (IOC) revises Panipat refinery expansion cost to Rs 36,225 crore, a 10% increase, and delays completion to December 2025. The 15 million tonnes per year refinery, 100 km north o .


BW Confidence Enterprise and Ganesh Benzoplast form JV to develop LPG onshore import terminal at JNPT
Petroleum   -  Dec 01,2023
Singapore-based BW LPG and Confidence Petroleum India are set to establish a joint venture, investing $30 million through preferential share allocation. Confidence Petroleum will issue up to 28.2 mill .


Tripura’s greenfield depot by IOCL to be completed by 2025
Petroleum   -  Dec 01,2023
Tripura Food, Civil Supplies, and Consumer Affairs Minister, Sushanta Chowdhury, announced that the Indian Oil Corporation Limited (IOCL) aims to complete the construction of a greenfield depot with a .


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