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Oil India Chief Ranjit Rath stresses global asset acquisitions for critica
Updated : 8 months ago IST
Ranjit Rath, Chairman and Managing Director of Oil India Limited (OIL) and the current Hydrocarbon Chair of CII, has emphasised the strategic importance of overseas asset acquisition in the critical minerals space, underlining its role in India's energy security and green transition goals.
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CBI arrests two accused including DGM of Oil India Ltd in Rs 7 lakh bribe
Updated : 1 year ago IST
The Central Bureau of Investigation (CBI) has arrested two accused, including the Deputy General Manager of Oil India Ltd (OIL), Duliajan, Assam, and the DGM (Sales & Marketing) of a private company, for demanding and accepting a bribe of Rs 7 lakh, out of which the accused public servan
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Indian Oil PSU's have global presence with net investments of USD 40.6 bn,
Updated : 1 year, 10 months ago IST
Union Minister Hardeep Singh Puri reviewed the overseas assets of India's energy sector which includes the foreign branches of the India PSUs. It includes majorly ONGC Videsh Ltd (OVL), Indian Oil Corporation Ltd (IOCL), Oil India Ltd (OIL), Bharat PetroResources Ltd (BPRL), GAIL India, and
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India's crude oil production falls 3.76 per cent in July
Updated : 3 years, 9 months ago IST
New Delhi [India], August 23 (ANI): India's crude oil production stood at 2453.19 thousand metric tonnes (TMT) in July 2022, which is 3.76 per cent lower than the production of July 2021 and 5.57 per cent down when compared with the target for the month, according to the official data releas
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India's crude oil production rises 4.6 per cent in May
Updated : 3 years, 11 months ago IST
New Delhi [India], June 17 (ANI): Crude oil production in India rose by 4.6 per cent year-on-year to 2550.05 thousand metric tonnes (TMT) in May helped by a sharp jump in the production by Oil and Natural Gas Corporation (ONGC), the government data showed on Friday.
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Assam signs 8 petroleum mining lease with OIL
Updated : 4 years, 2 months ago IST
Guwahati (Assam) [India], March 30 (ANI): The Assam government on Tuesday signed eight Petroleum mining lease blocks with Oil India Ltd. (OIL).
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Refinery expansion to reduce OIL's rating headroom: Fitch
Updated : 4 years, 11 months ago IST
Singapore, June 30 (ANI): Fitch Ratings expects the rating headroom for Oil India Ltd (OIL) to reduce in the medium term as leverage will rise when it accelerates capex to expand capacity at Numaligarh Refinery Ltd (NRL).
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Moody's affirms Oil India's Baa3 ratings, downgrades BCA to ba1
Updated : 5 years, 2 months ago IST
Singapore, March 30 (ANI): Moody's Investors Service on Tuesday affirmed the Baa3 issuer ratings and senior unsecured bond ratings of Oil India Ltd (OIL).
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Oil India led consortium to bid for acquiring BPCL's stake in Numaligarh R
Updated : 5 years, 3 months ago IST
New Delhi [India], February 19 (ANI): Oil India Ltd (OIL) in consortium with Engineers India Ltd (EIL) has decided to bid for acquiring 61.65 per cent stake of Bharat Petroleum Corporation Ltd (BPCL) in Numaligarh Refinery Ltd (NRL).
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Gas price reduction will lower earnings for ONGC, Oil India: Moody's
Updated : 5 years, 8 months ago IST
Singapore, October 5 (ANI): The recently-announced 25 per cent reduction in domestic natural gas prices to 1.79 dollars per million British thermal units (MMBtu) from 2.39 dollars per MMBtu on a gross calorific value basis is credit negative for upstream companies like Oil and Natural Gas Co
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Baghjan blowout: NGT sets up high-level committee, imposes Rs 25 cr fine o
Updated : 5 years, 11 months ago IST
Dibrugarh (Assam) [India], June 26 (ANI): The National Green Tribunal (NGT) has constituted a high-level committee to look into the recent blowout at an Oil India Ltd (OIL) well in Assam's Baghjan and directed the company to deposit Rs 25 crore for the damages caused.
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