Petrochemical Industry

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …

Gulf to recover from BP spill by 12

THE Gulf of Mexico should recover from the massive BP oil spill by the end of 2012, the administrator of the $20-billion victims compensation fund said. By that time, most of the harmful effect of the worst offshore oil spill in US history will have dissipated and the economy should …

US Inc injects diesel into onshore wells

Oil and gas service companies injected tens of millions of gallons of diesel fuel into onshore wells in more than a dozen states from 2005 to 2009, Congressional investigators have charged. Those injections appear to have violated the Safe Water Drinking Act, the investigators said in a letter to the …

Govt to pay 8k-cr subsidy to oil firms

THE government has decided to pay . 8,000 crore to state-run fuel retailers to compensate them for selling diesel, cooking gas and kerosene below market rates. The grant will help Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroluem Corp report a net profit in the third quarter of 2010/11. …

Deregulation: Solving diesel conundrum

As crude oil prices continue to rise, diesel price reform becomes even more essential. At stake is the longterm sustainable development of India. While the case for deregulation appears strong, diesel price control imposes many costs on our country. The current diesel subsidy of about Rs 7 per litre costs …

Checking adulteration not our responsibility: Oil companies

While the government is still to take any action over the 2006 ASSOCHAM report, private companies say they cannot do much and regulating kerosene or stopping the adulteration is the government

OMCs raise profit margin with ethanol-blended petrol

Sale of ethanol-blended petrol has turned more profitable for the oil marketing companies (OMCs) with the recent increase in petrol prices. Their margin on a litre of ethanol has moved up from Rs 7.90 per litre to Rs 12.43 since November when blending was reintroduced. This also helps the OMCs

States make merry on costlier petrol

While the consumers are unhappy with the regular price rises in petrol and the Oil Marketing Companies (OMCs)

Major fire at IOC's Navi Mumbai depot

MUMBAI: A major fire broke out at the Indian Oil Corporation depot at Taloja in Navi Mumbai in the wee hours today, destroying around 40,000 litres of lubricant oil. The fire broke out at around 1 AM and about 25-30 fire engines were rushed to the spot to douse the …

A K Bhattacharya: Slipping up on oil reforms

It's time the petroleum ministry faced the challenges of oil pricing reforms, instead of hiding behind the oil firms A K Bhattacharya / New Delhi January 18, 2011, 0:14 IST A quick estimate suggests that international crude oil prices for Indian refineries (or what oil industry experts refer to as …

BJP raps Centre on price rise

Raising its pitch against the United Progressive Alliance (UPA) government for the price rise and the latest round of petrol price hike, the Bharatiya Janata Party on Sunday demanded concrete action within a month on the price front and a rollback of the petrol price increase. Targeting the economist in …

House panel unhappy over pollution

PARADIP: The House panel on environment expressed dissatisfaction over inability of Paradip Port Trust, IOCL, Paradeep Phosphates Ltd in controlling industrial pollution in the area. Speaking to mediapersons today, panel Chairman Amar Prasad Sathpathy said he had directed the State Pollution Control Board to take action against the industries for …

Diesel rate hike put off to check prices

THE government has indefinitely deferred a hike in diesel rates despite soaring crude oil prices to prevent a further increase in prices, particularly of food items, Petroleum Minister Murli Deora said. Oil marketing companies are demanding higher prices because crude oil has been trading at about $90 a barrel for …

Energy transition for industry: India and the global context

For India to play its part in helping to realise deep cuts in global CO2 emissions by the middle of the 21st century, it will need to achieve rapid economic development over the next 40 years with only a very small increase in emissions. Currently there is no precedent for …

Oil cos to be compensated, says Sundareshan

The petroleum ministry on Thursday said the government is committed to adequately compensating state-owned oil marketing companies for the losses they incur on selling diesel and cooking fuel below cost.

ONGC Tripura signs MoU with Bangladesh

Will enable advance commissioning of the project The project involves Rs.8,000 crore investment NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) on Friday announced that it's power subsidiary, ONGC Tripura Power Company (OTPC) has inked a memorandum of understanding (MoU) with Bangladesh to open up a new transport corridor …

Russia, India to strengthen ties with energy, oil pacts

With no signs of a respite in oil prices and given India

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