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ISPRL TRADING OIL
Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at MangaluruIndia plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mang...- Megha Engineering secures historic contract for India's first private strategic petroleum reserveMegha Engineering & Infrastructures Ltd. has won a Rs 5,700-crore project to build and operate India's first private-sector strategic petro...
- India's emergency crude stockpile management firm ISPRL looks to trade part of stored oilIndian Strategic Petroleum Reserves (ISPRL) plans to partner with global oil traders like Vitol, Glencore, and Shell to trade a portion of ...
- India, UAE sign 5 pacts to push nuclear energy and fossil fuel partnershipIndia and the UAE signed five significant agreements on nuclear energy, fossil fuel, and food security during Abu Dhabi Crown Prince Sheikh...
- India aims for first strategic petroleum reserve with a private company by 2029-30India is aiming to establish its first privately managed strategic petroleum reserve (SPR) by 2029-30, allowing the operator to trade all s...
- India to sell half of Mangaluru strategic oil reserves by December"We have started selling to oil marketing companies. This will help to create space that we will then offer for leasing," Indian Strategic ...
- IOC gets 1st shipload of oil from UAE to fill strategic reservesWhile the 5.33 million tonne of emergency storage -- enough to meet its oil needs for 9.5 days -- was built in underground rock caverns in ...
- Budget 2020 exempts income of ISPRL from taxIn 2017, the government had exempted foreign companies from paying income tax on the sale of oil they store in India's strategic oil reserv...
- Abu Dhabi National Oil Company to fill up half of Padur strategic crude oil storageADNOC had in February 2018 signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore.
- Abu Dhabi oil company hires India's strategic oil storageADNOC had in February this year signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore. On Monday it signed a similar ...
- Cabinet nod to foreign companies for storing oil at Padur storageIndia has build 5.33 million tonnes of emergency storage in underground rock caverns in Mangalore and Padur in Karnataka and Visakhapatnam ...
- First crude oil cargo from Abu Dhabi departs for Mangalore's strategic crude oil reserveAl Jaber said that the strategic reserve project represents an important new energy partnership with India that leverages the UAE and ADNOC...
- Foreign oil companies exempt from tax on sale of storage leftoverTill now, exemption from payment of income tax was available only during the duration of the contract a company entered into for hiring the...
- Government to build 2 crude oil storages in Odisha, RajasthanAnnouncing the two new facilities at Chandikhol in Odisha and Bikaner in Rajasthan, Finance Minister Arun Jaitley in his Budget for 2017-18...
- Crude reserves filling to begin after March 2016The process of filling India’s two new strategic petroleum reserves could begin only after March as pipelines connecting the caverns to the...
- Pipeline delays hold up new strategic oil reservesThe pipelines, long delayed due to landowners’ protest, will now be ready by March, said the ISPRL executive, requesting anonymity.
- India to commission 5-mt underground oil storages by OctoberThe first strategic oil reserve of 1.33 mln tonnes will be ready in Visakhapatnam by next month and this will be followed by two more facil...
- Kuwait, Abu Dhabi may store 2 million tonne crude oil in Indian cavernsThe two have confirmed that they are willing to fill crude in two compartments of caverns at Visakhapatnam and Mangalore.
- HCC secures Rs 375 cr contract for construction worksHCC bagged Rs 375 cr contract from Indian Strategic Petroleum Reserves for construction related works in Karnataka.
- Gulf majors may help build oil storage units along coastlineSeveral Gulf-based oil producers are considering a proposal from the Indian government to invest in creating large crude oil storage facili...
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