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Latest Articles in oil india

Indian State Firms Allowed Private Help With Old Oil, Gas Blocks

India is the world's third-largest oil consumer and buys about 80 per cent of its supplies from abroad. Prime Minister Narendra Modi has set a target to cut India's dependence on foreign oil to 67 per cent by 2022

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HOEC Starts Commercial Gas Sale From Dirok Field

HOEC plans to ramp up production to full capacity over the next six months. At full capacity, the Dirok field will contribute over 12 per cent of the total gas produced in Assam, which will help fulfil more than 50 per cent of the current gas shortage in the state

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India Raises Price Of Locally-produced Natural Gas To $2.89 mmbtu

India has also set the ceiling price for gas to be produced from difficult fields at $6.30 per mmBtu for the six months to March 2018 compared with $5.56/mmBtu for the April 2017 to September 2017 period

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India To Acquire Seismic Data Of 48,000 Line Kms To Boost Oil, Gas Output

State-run explorers Oil India Ltd and Oil and Natural Gas Corp Ltd will carry out the 2D seismic survey in areas spread across 24 states

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Hindustan Oil Exploration Company Grants Petroleum Mining Lease To Dirok Gas field

On successful testing and completion of the sixth well, all the six wells in the field are ready to hook up for production

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India’s Crude Oil production For June Up 0.60% On Back Of ONGC, OIL

Both the state run companies, Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), country’s biggest oil producers, posted high production for the month of June

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India’s Crude Oil, Natural Gas Production Falls Behind Target In May

Overall, the cumulative crude oil production during April-May, 2017 was 6038.33 TMT which is 1.16 percent lower than target for the period but 0.07 per cent higher than production during corresponding period of last year.

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Oil India Q4 Profit Falls 96% On One-time Charge

State-run Oil India posted a 96 per cent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil paid to a state government

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Cabinet Clears IOC-OIL-BPCL's Russian Stake Buy For $3.14 Billion

Indian Oil Corp, Oil India and a unit of Bharat Petroleum Corporation (BPCL) will buy 29.9 per cent stake in Taas-Yuryakh oilfield in East Siberia for $1.12 billion and another 23.9 per cent in Vankor oilfield for $2.02 billion

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OIL Investing Rs 1,200 Crore To Revamp Pipeline Pumping Stations

OIL Chairman and Managing Director Utpal Bora said the company achieved highest ever production and sale of natural gas in its history during 2015-16 fiscal year

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Auction Of Oil, Gas Fields With Rs 70,000 Cr Reserves From July

The auction, to be conducted on simpler contractual terms together with pricing and marketing freedom, will be the first licensing round in over four years

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Govt To Sell $420 Million Stake In NHPC

The government is also seeking bids from merchant bankers and brokers to manage the sale of a 10 per cent stake in state energy company Oil India

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Russia's Rosneft Sells Nearly Half Of Vankor Field To Indian Firms

Russian oil firm Rosneft said on Wednesday it had signed a series of documents on selling stakes in Russian oil fields to Indian firms during a visit by its CEO Igor Sechin to India

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Indian Firms In Talks To Buy Stake In Siberia Oil Project

The deal, which could be worth around $1 billion based on the valuation of a recent stake purchase, is expected to take final shape during Prime Minister Narendra Modi's visit to Moscow next week for summit talks with President Vladimir Putin

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