Hindustan Petroleum Corp Ltd (HPCL.BO)
16 Aug 2019
-- Note: Reuters has not verified this story and does not vouch for its accuracy
NEW DELHI India's state-run Hindustan Petroleum Corp plans to shut some secondary units at its Mumbai and Vizag refineries in the current fiscal year in order to be able sell Euro-VI compliant fuel from April, its chairman M. K. Surana said on Wednesday.
NEW DELHI India has increased the cost estimate of a giant refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil Co by more than 36%, after protests by farmers forced the relocation of the plant, four sources said.
* Refinery, petchem plant cost estimate raised to $60 bln -sources
MUMBAI Maharashtra has identified a new site for the planned $44 billion oil refinery that state-run firms are building with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), Chief Minister Devendra Fadnavis said on Wednesday.
May 31 Indian shares rose on Friday boosted by optimism from a newly formed cabinet with investors awaiting portfolio distribution due later in the day, while weak oil prices pushed up oil marketing companies.
** Indian oil marketing companies rise between 2.8% and 3.8% after oil prices declined overnight
- Note: Reuters has not verified this story and does not vouch for its accuracy
** Shares of oil marketers Indian Oil Corp Ltd, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd fall between 2% and 2.5%
NEW DELHI Only one Indian buyer of Iranian oil has taken up Saudi Arabia's offer of additional oil to make up for the loss of supplies from Tehran due to U.S. sanctions, taking an extra 2 million barrels from the Kingdom for June shipment, industry sources said.