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New Delhi To serve the expected addition in refining capacity and to partly replace any shortfall in crude oil supplies from Iran, India has sought an additional 5 million tonne of crude oil from Saudi Arabia. India has also sought investments from Saudi firms in its new petrochemical and refinery projects.

“We have sought 5 million tonne extra crude oil from Saudi Arabia for 2012-13,” minister of state for petroleum and natural gas R P N Singh said here after holding discussions with the visiting assistant minister for petroleum affairs Abdul Aziz Bin Salman bin Abdulaziz.

A-I to be allowed to raise Rs 7,400 cr. A Group of Ministers today recommended allowing airlines to import jet fuel directly, a move that would help them cut fuel costs by up to 20 per cent.

With the Finance Ministry still to come out with a final formula on sharing the fuel subsidy burden, the government has asked upstream oil companies Oil and Natural Gas Corporation (ONGC), Oil Indi

State-owned oil companies today snapped supplies of jet fuel to Air India for failing to honour payments even after 90-day credit period, but the ailing national carrier said it has paid Rs 180 cro

Gas And Oil Production Likely To Increase By End Of 2012

Effluents and toxic fumes from factories and refineries and high concentration of vehicles on roads, besides the Deonar dumping grounds (now partially closed) contribute to pollution in Chembur, on

he Delhi high court has ordered a 10 per cent hike in compensation to farmers for acquisition of their land in three urban villages having “locational advantages” like being in the vicinity of IGI

NEW DELHI: Indian refiners and oil ministry officials are meeting on Monday to discuss alternative methods to pay for Iranian oil imports should an existing mechanism via Turkey's Halkbank be halte

NEW DELHI: Environment-friendly Euro-IV quality petrol and diesel will be sold in seven more cities by March 31, government and industry officials said.

New Delhi: State-run fuel retailers could raise petrol price by around a rupee per litre on the New Year day, provided they succeed in securing a cue from the government that is staring at assembly

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