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_FuelInfo Alert! 🚨_ 21/10/24. Here's what's happening in the fuel world: - _New Refinery_: ONGC and BPCL are looking for a foreign partner, specifically Saudi Aramco, for a green-field petroleum refinery in Andhra Pradesh 🤝. - _Crude Oil Purchase_: IOCL has bought 4 million barrels of US West Texas Intermediate crude oil for January ⛽️. - _New Product_: BPCL has commercialized its FCC Bottoms Cracking Additive BHARAT BCA at Mumbai refinery 🚀. - _Investment Plans_: Vedanta Group plans to invest over Rs 1 lakh crore in oil, gas, zinc, and renewable energy 💸. - _Price Hike_: Analysts expect CNG prices to rise by Rs 4-6/kg for automobiles 📉. - _Pipeline Project_: The Ministry has asked GAIL to expedite the completion of the Gas Pipeline between Srikakulam and Kakinada 🚧. - _Road Projects_: Bijoy Shankar Mishra has received a Rs 27 crore road project at Manoharpur on NH-320 in Jharkhand, and Sheela Construction has received a Rs 30 crore road project at Gaya Bridge, Dhanbad in Jharkhand 🚗. - _WTI Crude Price_: WTI crude price stands at $69.63 per barrel 💸. #crudeoil #oil #fuel

HPCL Rajasthan Refinery Limited Barmer Refinery is an upcoming public sector refinery and petrochemical complex in the Pachpadra (now Balotra district) of Rajasthan, India. It is owned by HPCL Rajasthan Refinery Limited (HRRL), a joint venture between Hindustan Petroleum Corporation Limited and the Government of Rajasthan. 9 million metric tons refinery Starting Jan next year What are we doing here ? Talks of Hambantota Trinco and expansion of Saogaskanda by many governments Nothing so far

Government of India in talks with Saudi Authorities for Refineries in Gujarat (Earlier Maharashtra was considered) and Andhra Pradesh. Capacity will be around 10-15 million tonnes (annual), along with petrochemical Facilities. Due to such deal Saudi will be able to sell its crude oil to India, which was currently decreased over the years. Saudi Arabia's national oil company (Saudi Aramco) will partner with ONGC for Gujarat refinery and with BPCL for Andhra Pradesh refinery. Gujarat already has 3 oil refineries (Two in Jamnagar and one in Vadodara). Why Maharashtra is not likely to get such project? -Land acquisition is slow due to resistance from locals. Source: Times of India Link: https://lnkd.in/gnqsUtCU

_FuelInfo Alert! 🚨_ 15/10/24 Here are some key highlights in the fuel world: - *Weak Quarterly Results*: OMCs are likely to report weak second quarterly results due to lower refining margins compared to last year 📉. - *Mini-LNG Plants*: ONGC is setting up mini-LNG plants to evacuate natural gas from wells not connected to pipelines, a significant step towards harnessing more energy sources 🚀. - *Fuel Oil Procurement*: Chinese independent refineries have cut their fuel oil procurement in October due to new tax regulations, which may impact the global fuel market 📊. - *Airport Business*: Adani Group plans to raise $1 billion for its airport business from the Middle East Sovereign Wealth Fund, a significant investment in the aviation sector ✈️. - *Road Upgrades*: The Himachal Pradesh government will use Rs 293 crore from the Central Road & Infra Fund to upgrade roads and bridges, enhancing connectivity and infrastructure 🚧. - *Road Project Extension*: MMRDA has granted a 2-month extension after L&T challenged in Bombay HC on Rs 14,000 crore road project, allowing more time for the project's completion 🕒. - *Road Projects in Border Areas*: The Cabinet has approved Rs 4,406 crore for the development of road projects in Punjab and Rajasthan border areas, a significant investment in strategic infrastructure 🚗 ¹ ² ³ ⁴. - *WTI Crude Price*: WTI crude price stands at $74.55 per barrel, an essential update for the fuel industry 💸. #crudeoil #fueloil #baseoil #petroleum #petrochemical

💡"Swarna Sindhu," the first oil taker from the KG Project by ONGC, is introduced by PM Modi. ⏩Narendra Modi launched "Swarna Sindhu," transporting the first cargo of crude oil from Oil and Natural Gas Corporation's (ONGC) recently completed Krishna Godavari deep-water project, on March 2. This marked a significant turning point for India's #energyindustry . ⏩The crude oil would be transported by oil tanker from the deep waters of the Bay of Bengal to Mangalore Refinery and Petrochemicals Limited MRPL, an ONGC affiliate. On January 7, the state-owned oil firm began producing oil from the deep-water KG-DWN 98/2 block in the Krishna Godavari (KG) basin off the coast of Kakinada, near the Bay of Bengal. ⏩With a floating #production and storage offloading (FPSO) installed in water depths exceeding 430 metres, the field is currently producing between 12,000 and 12,500 barrels of oil per day. When the extracted oil reaches a critical level, it is kept on the FPSO and then transported to a ship that transports it to a refinery on the coast where it is converted into fuels like petrol and diesel. The largest floating installation in the Indian subcontinent is the FPSO unit, Armada Sterling V, which was developed, engineered, and is now being managed by SHAPOORJI PALLONJI ENERGY (GUJARAT) PRIVATE LIMITED (SP Energy). ⏩The KG basin, which was developed at a cost of more than Rs 41,000 crore, is among the most #technologically demanding undertakings ever undertaken. Because of the challenging subaquatic topography and non-human conditions at deeper depths, the basin presented special technical hurdles. It is anticipated that the 98/2 field will produce approximately 45,000 barrels of oil and over 10 million metric standard cubic metres of petrol per day at its peak. ⏩This project will increase India's oil and gas production by 7% each at peak production, reducing the country's reliance on LNG and crude imports. The project's success opens #avenues for Indian companies to enter the $20 billion global FPSO market and lowers India's yearly import cost by up to $3.5 billion. To share your startup story write us on - startup@viestories.com #production #technique #energy #industry #transport

India's biggest projects and most advanced refineries by HPCL RAJASTHAN REFINERY LIMITED, is expected to be completed this year in Barmer, Rajasthan. This massive infra project will cater to the rising energy needs of the world's 5th largest economy has been built with an massive investment of $8.9 billion. (News Credit Hindustan Times) This project will produce clean fuels such as BS-VI grade Petrol & BS-VI grade High-Speed Diesel with other petrochemical products. This project is a joint venture (JV) of Hindustan Petroleum Corporation Limited and Rajasthan Government, was incorporated on September 18, 2013 in which HPCL holds 74 per cent stake, while the balance of 26 per cent is held by Rajasthan Government. #bharatat77 #infrastructureprojects #oilandgas #refineryproject #rajasthan #realestate #rajasthan #eigentumrealty #investinbharat #economicgrowth

Are you ready to discover the untold stories of the oil and petrochemical industry? Look no further than Arun Kumar Varanasi's Legacy. Join us on a journey to explore the unseen side of this vital sector, as we delve deep into the fascinating tales of its history, innovation, and impact on society. From the drill sites to the refineries, we'll take you behind the scenes of this critical industry and unveil the secrets that make it tick. So buckle up and get ready to embark on a journey of discovery with Arun Kumar Varanasi's Legacy. #arun #petrochemical #oilandgas #oil #industry #IndustryInsights #journey #advocate #UntoldStory #naturalgas

Mockery: HPCL's Barmer Refinery! 📛📛 The foundation stone of the Rs 38k crore project was laid by Sonia Gandhi in 2013, and completion target was set for 2018. But guess, what, the construction activity began in 2018. Worse, the deadline has been moved thrice under present Govt's watch as well. Just last year, Petroleum Minister Hardeep Singh Puri said the project will go live by July 2023. Then it was moved to Dec 2023. Then to some time in 2024. And now the Chairman of HPCL says, the the refining unit of the complex will go live in Dec of 2024, but the petrochem unit will take longer. Worse, even though the refining unit will go live in Dec 2024, it will take another year or so to reach its full capacity. .. And guess, what? The project cost has soared to Rs 78k crore. No one knows where it will go by the time the full project will actually be complete. And no, HPCL management is not to be blamed here. .. The problem is inter-Govt rivalry! The massive project is being executed under a JV between HPCL & Rajasthan Govt. And as the project cost soared (primarily due to surge in prices of commodities like cement, steel etc), the disagreement on funding of the same grew. While HPCL was ready to invest more and get the project to fruition. But, as per media reports, Rajasthan Govt insisted that HPCL should be footing in more, and that led to major delays. .. Now finally, the project is being completed with a fresh Rs 4,785 crore loan raised from the Govt-owned Rural Electrification Corporation (REC). One can only hope, that having a BJP Govt in the state will help get the project to fruition 😓😓 .. Join my 17k+ member Biz News+ WhatsApp community: https://lnkd.in/g59ig_Gk Best, Jayant Tags: #HPCL #BarmerRefinery #Rajasthan #BPCL #IOCL #Modi #Oil #Crude #PSU #Stocks #IndianStocks | Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Indian Oil Corp Limited, Indian Oil Corporation, Oil and Natural Gas Corporation Ltd, Oil and Natural Gas Corporation Limited (ONGC)

HPCL's Rajasthan Refinery: Bridging Mideast Oil Supply Introduction: Mideast Oil Via HPCL's Rajasthan Refinery HPCL is a major company in India's oil and gas industry. They are opening a new refinery in Rajasthan. This move is important for ensuring the country's energy future. This complex is crucial for providing oil in the Middle East. It also helps meet India's energy needs in the global oil market. HPCL's Strategic Expansion Plans: HPCL's decision to leverage the Rajasthan refinery for processing Middle Eastern oil is a well-timed strategic move. The text discusses the significance of obtaining oil from various regions in India. This is important because of the constantly changing political situation worldwide. Middle Eastern countries are increasing their oil sales globally. This plan boosts India's energy security and establishes HPCL as an important player in the worldwide oil market. The Rajasthan Refinery Project: A Marvel of Engineering The Rajasthan Refinery envisioned as an integrated refinery and petrochemical complex, is a marvel of engineering excellence. Boasting a processing capacity of 180,000 barrels per day, it incorporates cutting-edge technology and infrastructure. The refinery processes heavy crude oil from the Middle East and Mangala oil from the Barmer region. A special pipeline specifically transports the Mangala oil. Key Features of the Rajasthan Refinery Project: Read More Here: https://lnkd.in/g7ppbqpm For Regular Latest Updates Follow Us Here: https://lnkd.in/eMy-4w9W

𝗜𝗻𝗱𝗶𝗮'𝘀 𝗡𝗲𝘄 𝗢𝗶𝗹 𝗥𝗲𝗳𝗶𝗻𝗲𝗿𝘆 𝗗𝗲𝗹𝗮𝘆 𝗛𝗶𝘁𝘀 𝟮𝟬𝟮𝟳, 𝗖𝗼𝘀𝘁𝘀 𝗦𝘂𝗿𝗴𝗲 Chennai Petroleum Corporation Limited (CPCL) has announced a two-year delay in its new refinery project in Tamil Nadu, now set for completion by end-2027. Originally planned for 2025, the delay is due to changes in the capital structure needing government approval. The project's cost has also escalated to $4.36 billion, reflecting a significant increase from the initial $3.52 billion estimate. This development comes as India gears up to lead global oil demand growth this decade. #finance #news #EnergySector #OilRefinery #India Source:- https://lnkd.in/dvFstNrV