Essar Seeks $350 Million From Russia-Backed Nayara In Brand Pact: Report
Essar sold Essar Oil to a group backed by Russian oil major Rosneft.New Delhi: Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing…
Fuel Retailers Staring At Under-Recoveries, Says Petroleum Minister
Petroleum Minister Hardeep Puri has said oil companies are staring at under-recoveriesNew Delhi: With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have…
India Bullish On Russian Crude, But Exports Face Sanctions Risk: Report
India’s consumption of Russian crude has risen but refined products’ export may face risksLAUNCESTON Australia: Indian oil refiners are sucking up cheap Russian crude, but the risk is that their…
Private Refiners Rake In Profits From Cheap Russian Crude Purchase
Private refiners like Reliance have been among major buyers of cheap Russian crude oilNEW DELHI: There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude…
Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable
Private joint venture fuel retailer Reliance-BP has told Government that sales are unsustainableNew Delhi: RBML – the joint venture of Reliance Industries Ltd and supermajor BP – has told the…
India’s Russian Crude Buy Since Ukraine Conflict Double Than 2021 Purchase
India’s crude oil transactions from Russia since Ukraine crisis has doubled than entire 2021 purchaseNEW DELHI: India has bought more than twice as much crude oil from Russia in the…
Russia-Linked Nayara Energy Put Under Credit Watch: CARE Ratings
CARE Ratings has placed long-term ratings of Nayara Energy on credit watchNEW DELHI: CARE Ratings on Monday said it has placed the long-term ratings of Indian refiner Nayara Energy, part…