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US issues new sanctions over Iran's oil shipments to ChinaThe U.S. has imposed sanctions on three individuals and nine companies, including entities in Hong Kong and the UAE, for facilitating Iran'...- Chennai refinery expansion cost goes up over Rs 3,600 croreIOC said its board had on January 29, 2021 approved the implementation of a 9 million tonnes a year refinery at Cauvery Basin, Nagapattinam...
- Iran offers Indian firms 30 pc stake in gas fieldIn April 2011, it submitted a master development plan (MDP) to bring the discovery, which was named Farzad-B, for production but negotiatio...
- India has right to 30% stake in Iranian gas field even after contract to local firmIn February, 2020, National Iranian Oil Company (NIOC) informed Indians about its intention to conclude the contract for Farzad-B developme...
- India loses ONGC Videsh discovered Farzad-B gas field in IranONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had in 2008 discovered a giant gas field...
- Iran slips record volume of oil into China, reaches out to Asian clients for trade resumptionU.S. President Joe Biden has sought to revive talks with Iran on a nuclear deal abandoned by former President Donald Trump in 2018, althoug...
- India set to lose Farzad-B gas field; Iran to prefer domestic companies over foreign firmsAfter sitting over OVL's proposal for years, the National Iranian Oil Co (NIOC) informed the firm in February this year about its intention...
- Indian Oil to examine US sanction's impact on CPCL expansionIOC plans to pull down the 1 million tonnes per year Nagapattinam refinery of its subsidiary Chennai Petroleum Corp Ltd (CPCL) and build a ...
- Iran keen to participate in CPCL expansion: IOC Chairman Sanjiv SinghIOC plans to pull down the 1 million tonnes per year Nagapattinam refinery of its subsidiary, Chennai Petroleum Corp Ltd (CPCL) and build a...
- IOC board clears Rs 27K cr refinery of its unit CPCLThe planned refinery will be CPCL's third refinery. It currently operates a 10.5 million tonnes Manali refinery in Tamil Nadu.
- OVL qualifies to bid for Iran oil, gas projectsOthers on the list include Royal Dutch Shell Plc, China National Petroleum Corp (CNPC), Total SA of France, Russia's Gazprom and Eni of Ita...
- Iran ends free shipping of oil to India: Dharmendra PradhanIran has ended free shipping of crude oil to India and has asked refiners like Mangalore Refineries (MRPL) and Essar Oil to arrange for fre...
- India keen to buy LNG from Iran: Dharmendra PradhanWith the prospect of lifting of economic sanctions on Iran, India has expressed interest in buying liquefied natural gas (LNG) from the Per...
- Gautham Roy appointed as the new Managing Director of Chennai Petroleum Corporation LtdCPCL, formerly known as Madras Refineries Ltd, is a subsidiary of IOC. It has two refineries with a combined refining capacity of 11.5 mill...
- Budget 2012 exempts Iranian oil payments from income taxUnion Budget 2012 has exempted the payments made for crude oil purchased from the Persian Gulf nation, from any local tax.
- ONGC eyes 20-25 pc stake in Iranian gas fieldThe state-owned oil exploration major ONGC is eyeing 20-25 per cent stake in a giant Iranian gas field even as it awaits Tehran's nod for i...
- 'India will participate in peace pipeline project'Iranian Oil Minister Gholamhossein Nozari has said that India has not pulled out of peace pipeline project and was still interested in the ...
- Iran wants new deal to supply LNGIran has said India has to sign a fresh agreement if it wants to go ahead with the plan to purchase five million tonnes of liquefied natura...
- Iran blames 'misunderstanding' for fall of LNG deal with IndiaIran's new Oil Minister Gholamhossein Nozari has blamed a "misunderstanding" for the fall of the 22-billion dollar deal to export five mill...
- IOC's Iran JV in troubled watersIOC and Petropars signed an MoU in November 2004 for jointly developing an integrated LNG project in Iran.
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