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JUL 09 2012

Slimming down oily heavyweights

  • Financial Express, Anuj Agarwal, Vidya Mahambare / New Delhi, 09 July 2012
  • Created:Mon 09th JUL 2012

An effective way to ensure sustainability of Indias imports is to link their domestic prices to their international pricesIn recent months, while both capital inflows into ...

JUL 09 2012

Oil sharks

  • Business Standard, Christopher Swann & Martin Hutchinson / Mumbai, 09 July 2012
  • Created:Mon 09th JUL 2012

Venezuela and Iran are looking desperate. Barely three weeks after the most recent OPEC meeting, the two countries are clamouring for an emergency gathering. Theyre claiming that ...

JUL 09 2012

Boundary rows, resource access make for volatile mix: Australian Envoy

  • Business Line, Vinson Kurian / Thiruvananthapuram, 09 July 2012
  • Created:Mon 09th JUL 2012

Territorial disputes and resource access provide for a fairly volatile mix, according to Mr Peter Varghese, Australian High Commissioner.He said this while speaking to ...

JUL 09 2012

Weak sales, profit growth to hurt

  • Business Standard, B G Shirsat & Ashok Divase / Mumbai, 09 July 2012
  • Created:Mon 09th JUL 2012

Oil marketing and metal companies expected to be the main drags in India Inc?s performanceThe first quarter of 2012-13 is expected to reflect an overall slowdown ...

JUL 09 2012

Price fall fuels industry demand for furnace oil

  • Business Standard, Ajay Modi / New Delhi, 09 July 2012
  • Created:Mon 09th JUL 2012

In a trend reversal, industrial users of furnace oil who were using subsidised diesel last year are turning to furnace oil to take advantage of a price fall. This will bring down the losses ...

JUL 09 2012

Iran to sell oil via consortium

  • Business Standard, Reuters / Dubai, 09 July 2012
  • Created:Mon 09th JUL 2012

Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said on Saturday, a move designed to circumvent sanctions intended to put ...

JUL 09 2012

Total's $20 bn 2012 investment aided by oil price, says CEO

  • Business Standard, Bloomberg / 09 July 2012
  • Created:Mon 09th JUL 2012

Total SAs plan to invest $20 billion this year and more in 2013 will be aided by oil prices at about $100 a barrel, said Chief Executive Officer Christophe de Margerie.The ...

JUL 09 2012

Oil populism, reconfirmed

  • Mint / 09 July 2012
  • Created:Mon 09th JUL 2012

The petroleum sector regulator, the Petroleum and Natural Gas Regulatory Board (PNGRB), last week dismissed a petition by private sector transportation fuel retailers. The latter had charged ...

JUL 09 2012

BP says awaiting word from AAR on TNK-BP stake

  • Reuters / 09 July 2012
  • Created:Mon 09th JUL 2012

As BP's (BP.L) partners in TNK-BP (TNBP.MM) faced a deadline to make a formal expression of interest in the British major's half of the Russian oil firm, BP said on Friday it had ...

JUL 09 2012

British Petroleum, JBF Industries ink PTA pact

  • Business Standard, BS Reporter / Mumbai, 09 July 2012
  • Created:Mon 09th JUL 2012

British Petroleum (BP) had signed a licensing agreement with JBF Petrochemicals, a wholly-owned subsidiary of JBF Industries, for supplying purified terephthalic acid (PTA) technology. This ...

JUL 09 2012

US natural gas prices rise to six-month high

  • Financial Times, Emiko Terazono / New Delhi, 09 July 2012
  • Created:Mon 09th JUL 2012

US natural gas prices hit a six-month high, boosted by demand from the heatwave that has hit North America.The unusually hot summer weather has lifted the natural gas ...

JUL 09 2012

Green nod for TN block eludes Great Eastern Energy for 2 years

  • Business Line, Siddhartha P. Saikia / New Delhi, 09 July 2012
  • Created:Mon 09th JUL 2012

Great Eastern Energy Corporation Ltd (GEECL) has been kept waiting for close to two years to receive the environmental clearances required to start survey work at Mannargudi in Tamil Nadu. ...

JUL 09 2012

Price hike to heat Indraprastha Gas?

  • Business Line, K. S. Badri Narayanan / 09 July 2012
  • Created:Mon 09th JUL 2012

The stock of Indraprastha Gas is likely to react positively to the price hike it announced on Friday. The company increased the price of compressed natural gas for its consumers in Delhi by ...

JUL 07 2012

Sikkim government scraps Teesta-I hydel project awarded to NCCL

  • Economic Times, PTI / Hyderabad, 07 July 2012
  • Created:Sat 07th JUL 2012

In a setback to NCC Limited, formerly Nagarjuna Construction Company Limited, the Sikkim government is believed to have cancelled the proposed Teesta-I hydel power project that was bagged by ...

JUL 07 2012

Solar Energy Corpn to promote home-grown tech

  • Business Line, M. Ramesh / Chennai, 07 July 2012
  • Created:Sat 07th JUL 2012

The newly set up Solar Energy Corporation of India intends to set up a few ‘demonstration plants’, to engender home-grown solar technologies, the Chairman of the ...

JUL 07 2012

Duty break on equipment for existing mega power projects

  • Business Standard, Jyoti Mukul / New Delhi, 07 July 2012
  • Created:Sat 07th JUL 2012

The government is likely to exempt companies from paying customs duty on equipment imported for existing mega power plants and for which orders have already been ...

JUL 07 2012

AP Government asked to take back unutilised land alloted to industries

  • Business Line, Our Bureau / Hyderabad, 07 July 2012
  • Created:Sat 07th JUL 2012

The Public Accounts Committee has directed the Andhra Pradesh Government to resume lands which have not been utilised by the industries for the purpose they were allotted ...

JUL 07 2012

Power produced with govt coal cannot be sold in merchant market

  • Business Line, Siddhartha P Saikia / New Delhi, 07 July 2012
  • Created:Sat 07th JUL 2012

Failing this, coal block would be de-allocatedPrivate power producers using coal from government mines cannot sell electricity in the merchant market. ...

JUL 07 2012

Govt functionaries won’t appraise power regulators

  • Financial Express, Noor Mohammad / New Delhi, 07 July 2012
  • Created:Sat 07th JUL 2012

The government has dropped plans to involve senior government officials and functionaries to appraise electricity regulatory commissions' performance. The move comes in the face of ...

JUL 07 2012

Nitish urges Shinde for 15% unallocated power from Barh units

  • Business Line, PTI / Patna, 07 July 2012
  • Created:Sat 07th JUL 2012

The Bihar Chief Minister, Mr Nitish Kumar, has urged the Centre to allocate 15 per cent of unallocated power from the under-construction Barh Stage I and II super thermal power stations to ...