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Nidhi Verma

RPT-Indian Oil Corp reviews refinery expansion plans

Sep 21 2020

NEW DELHI, Sept 21 Indian Oil Corp (IOC) , the country's largest refiner, is reviewing its refinery expansion plans because of a gradual rise in use of cleaner fuels and changing demand patterns in Asia's third-largest economy, its chairman said.

Indian Oil Corp reviews refinery expansion plans

Sep 21 2020

NEW DELHI Indian Oil Corp (IOC) , the country's largest refiner, is reviewing its refinery expansion plans because of a gradual rise in use of cleaner fuels and changing demand patterns in Asia's third-largest economy, its chairman said.

RPT-India's African oil imports hit 10-mth high in Aug -shipping data

Sep 16 2020

NEW DELHI, Sept 16 India's oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping data provided by trade sources showed.

Sri Lanka seeks at least $1.9 million damage from owner of fire-hit tanker

Sep 16 2020

COLOMBO/NEW DELHI Sri Lanka is seeking at least 340 million rupees ($1.9 million) from the owner of the stricken oil supertanker New Diamond for assistance given to the vessel since it caught fire on Sept. 3, the coordinating officer to the country's attorney general said.

India's African oil imports hit 10-month high in August: shipping data

Sep 16 2020

NEW DELHI India's oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping data provided by trade sources showed.

India's Nayara Energy sees diesel recovery to pre-COVID-19 level by end-2021

Sep 15 2020

NEW DELHI India's diesel demand growth is likely to return to pre-COVID-19 levels by the end of 2021 or early 2022, Ashutosh Deshpande, vice president of private Indian oil refiner Nayara Energy, said at the Platts APPEC 2020 virtual conference.

Salvagers mend ruptures in fire-hit oil tanker off Sri Lanka

Sep 14 2020

NEW DELHI Sri Lanka has initiated repair work on the ruptured fuel oil tank in the engine room of a stricken fully loaded oil supertanker after plugging the leak, the country's Navy said.

Indian Oil targets textiles in hunt for margins

Sep 14 2020

NEW DELHI/SINGAPORE Indian Oil Corp will expand its petrochemicals capacity and integrate it with its textile business to help offset the impact of low refining margins, the chairman of India's largest refiner said on Monday.

Indian Oil sees gasoil, petrol sales at pre-pandemic levels in H1 FY21

Sep 14 2020

NEW DELHI, Sept 14 Indian Oil Corp, the country's top refiner, expects local demand for gasoline and gasoil to reach pre-pandemic levels in the first half of next fiscal year beginning April 2021, Chairman SM Vaidya said on Monday.

Salvage team working to stop fuel leak from fire-hit supertanker

Sep 11 2020

COLOMBO/NEW DELHI A salvage team is still trying to plug a fuel leak from the fire-stricken New Diamond oil supertanker, Sri Lankan Navy spokesman Indika de Silva said on Friday.

World News

Exclusive: China sharply expands mass labor program in Tibet

China is pushing growing numbers of Tibetan rural laborers off the land and into recently built military-style training centers where they are turned into factory workers, mirroring a program in the western Xinjiang region that rights groups have branded coercive labor.