Oil refinery News

At least 25 people, including some children, were killed in an explosion at another illegal refinery in Rivers state in October Nigeria is Africa`s biggest oil producer and exporter It loses an average of 200,000 barrels per day of oil - more than 10% of production - to those vandalising pipelines

Fire in ONGC refinery since Wednesday night

Watch in Deshhit: How oil crisis may occur in the world.

A massive fire broke out at an oil refinery in Rajasthan's Bikaner in the wee hours of Wednesday. The fire-fighting operations are currently underway.

A fire killed six workers and injured three others at an oil refinery in Tehran`s Shar-e Rey district on Friday, Iran`s state TV reported.

Hindustan Petroleum Corp Ltd plans to take 25 percent stake in the USD 30 billion mega oil refinery planned to be set up on the west coast, the company's chairman Mukesh K Surana said today.

India's biggest oil refinery that state-run IOC, BPCL, HPCL and EIL plan to set up on the west coast will cost USD 30 billion or Rs 2 lakh crore, a senior official said.

State-owned Hindustan Petroleum Corporation (HPCL) has received environment clearance for construction of storage tanks in the existing complex of its Mumbai refinery, entailing an investment of Rs 800 crore.

Indian Oil Corp, HPCL and BPCL are planning to jointly build India's biggest refinery on the west coast, IOC Director (Refineries) Sanjiv Singh said Wednesday.

State-owned Indian Oil Corp (IOC) Tuesday said it has started commercial production of fuel from its Rs 34,555 crore Paradip oil refinery in Odisha, sending out first consignment of diesel and LPG.

The proposed oil refinery would be established in the district and the work will begin soon, says Vasundhara Raje. 

Output from the $5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners.

State-run Indian Oil Corporation (IOC) Tuesday said it will be investing Rs 6,800 crore on capacity expansion and improving fuel quality at its Gujarat refinery unit.

Essar Oil on Wednesday reported a net profit of Rs 684 crore in the June quarter as opposed to a net loss of Rs 863 crore in the same period last year, after its Vadinar refinery posted best refining margins among its public and private sector peers.