India | Egypt Oil & Gas - Part 7
Indian Oil Imports from Africa, US Rise in November
Data obtained from industry sources showed that Indian oil imports from Africa and US, in November, have risen but dropped from the Middle East and Latin America, Reuters reported. Oil imports form US increased by 49%...
India’s HOEC to Start Oil Production from B-80 Field in April
Hindustan Oil Exploration Company (HOEC) will start oil and gas production from the B-80 block to produce 8,500 barrels of oil (bbl/d) and oil equivalent per day (bbloe/d) in April 2021. B-80 block is one of the five ...
India’s Petronet Prepares to Diversify Businesses
Indian Petronet Company announced that its is preparing to expand its businesses to include bunkering, compresses biogas and renewable energy targeting to change energy landscape but at the same time not diluting its ...
ExxonMobil in Talks to Buy Stakes in Indian Oil fields
Indian Oil Minister, Dharmendra Pradhan, stated that ExxonMobil is on talks to buy a stake in oil and gas fields in India, according to Economic times. The Minister added that India is looking to simulate Texas model ...
India to Double Oil Refining Capacity in 5 Years
India plans to nearly double its oil refining capacity over the next five years, a much more ambitious plan than previously stated despite COVID-19 complications, Prime Minister Narendra Modi said, according to Reuter...
India’s OIL Announces New Hydrocarbon Discovery in Assam
Oil India Limited (OIL) has made a new hydrocarbon discovery at well Dinjan-1 in Tinsukia Petroleum Mining Lease (PML) in Assam, the company announced in a statement. Per the statement, the discovery was made in the U...
Venezuela’s Oil Exports Rise in September
Venezuelan oil exports rose again for a consecutive month after customers began seeking to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions, according to Reuters. The US has gi... IOC to Expand Barauni Refinery
State-owned Indian Oil Corporation (IOC) is set to invest 14,800 crore ($2.024 billion) into expanding the capacity of its Barauni refinery in Bihar, according to the Economic Times. The IOC said in a statement: R...
