In the backdrop of an escalation in tension between India & Saudi Arabia, refiners IOC, HPCL and BPCL have decided to cut crude oil import from Saudi by 36%
The Odisha state government has accorded clearance to state-run Numaligarh Refinery Ltd’s (NRL) crude oil terminal coming up at Paradip
Even as PM has given a call for Atmanirbhar Bharat, India’s domestic crude oil production has recorded a consistent decline, increasing the country’s dependence on imports
In the backdrop of the historical drop in global crude oil prices, India’s crude oil import has fell by 63% in the first four months of the current financial year, said Dharmendra Pradhan
PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.