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  • Reliance pumps oil

    It is finally here. After years of waiting and rumours of delays Reliance Industries has finally started pumping oil from its massive KG-D6 block of the Krishna Godavari basin. Initially about 5,000 bbls/day of crude is being pumped out although the plan is to reach 550,000 bbls/day over the next six...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-22-2008

  • Kakinada update

    ONGC has decided to exit from the Kakinada refinery and petrochemicals project. But the project is alive as the GMR group remains interested. I think ONGC made the right decision. It will be interesting to see if GMR will be able to improve the project's economics.
    Posted to ICIS Blogs (Weblog) by Anonymous on 06-26-2008

  • Kakinada attracts GMR

    Oil and Natural Gas Corp's (ONGC) Kakinada project continues to attract investors despite questions about its viability . The GMR group is the latest and is reported to have formally expressed interest in taking a stake in the refinery and petrochemical project. The board of Kakinada Refinery and...
    Posted to ICIS Blogs (Weblog) by Anonymous on 06-23-2008

  • Trouble at Paradip

    I was under the impression that there are no major hurdles to Indian Oil Corp’s (IOC) refinery and petrochemical project at Paradip. But I came across this news yesterday that the viability of the project is in question following the government’s decision to withdraw a tax holiday from 1 April 2009....
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-01-2008

  • Barauni beckons

    State-owned IOC and Gail appear to have been drawn into yet another futile petrochemical project by politicians. This time it is in Barauni, Bihar. IOC operates a 6m tonnes/year refinery at Barauni but this is unlikely to yield sufficient feedstock for the project. The ministry for chemicals and fertilisers...
    Posted to ICIS Blogs (Weblog) by Anonymous on 01-25-2008
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