Giving nod to include representatives from every organisation in the coordination committee, Fadnavis got experts to dispel fears about pollution likely to be caused by the oil refinery.

The Federal Government has approved the implementation of a new commercial model targeted at getting sponsors to invest in the restoration of the efficiency levels of the nation’s three refineries.

To be second Indian company after Essar to have a refinery abroad

Indian Oil Corporation (IOC) will set up its first refinery outside India with an investment of up to Rs 20,000 crore in Sri Lanka. It will thus become the second Indian company to have a refinery abroad. The Ruias-promoted Essar Energy owns the Stanlow refinery in the UK and has 50 per cent interest in Kenya Petroleum Refinery.

Mumbai London-listed Essar Energy said it has reduced its dependence on crude imports from Iran for its refinery in Gujarat, amid mounting US pressure to curtail Iranian imports.

“Our imports today from Iran is in very small quantities, as an expansion at our Vadinar refinery enables us process ultra-heavy crude oil sourced from alternative sources, including from Cairn in Rajasthan,” chief executive Naresh Nayyar said at an earnings call. In March, Essar commissioned the first phase of expansion of its Vadinar refinery, enhancing capacity to 375,000 barrels a day from the earlier 300,000.

The company’s existing infrastructure in the state suits its expansion plan.

This Report of the Standing Committee on Petroleum & Natural Gas deals with the action taken by the Government on the Recommendations contained in the Twenty-Third Report (Fourteenth Lok Sabha) of the Standing Committee on Petroleum & Natural Gas (2008-2009) on "Oil Refineries – A Critique?" which was presented to Lok Sabha on 18.12.2008.

U.S. oil refiners could cut output by as much as 25 percent and the nation's reliance on imported refined products could double in the next two decades if the House version of a climate bill becomes law, the American Petroleum Institute said on Monday.

U.S. oil refiners could cut output by as much as 25 percent and the nation's reliance on imported refined products could double in the next two decades if the House version of a climate bill becomes law, the American Petroleum Institute said on Monday.

Ailing U.S. oil refiners could face a crippling period of contraction under a House-approved climate change bill, making the country more dependent on imported refined products.

A refinery on Curacao operated by Venezuela's state oil company is damaging people's health and must cut emissions or face multi-million dollar fines, a court on the Caribbean island ruled on Thursday.

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