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SPIC Thoothukudi plant starts receiving natural gas from ONGC facility

Fertilizer-maker Southern Petrochemicals Industries Corporation Ltd (SPIC) said it has started taking delivery of natural gas directly from ONGC s facility, through Indian Oil Corporation Limited (IOCL s) recently inaugurated Ramanathapuram-Thoothukudi natural gas pipeline, at its Thoothukudi factory in Tamil Nadu. The natural gas will be transported from the gas fields of ONGC in Ramanathapuram to the company’s plant in Thoothukudi. SPIC is one of the anchor customers to benefit from this pipeline. In the first phase, natural gas will be made available directly to SPIC s plant as feedstock and fuel, transported from ONGC s gas wells through the IOC pipeline. In the second phase, IOC will also supplement the supply of natural gas from its LNG facility in Enmore, near Chennai.

Oil prices climb as OPEC+ extends output cuts into April

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BPCL to pay shareholders from Rs 9,876 cr Numaligarh Refinery stake sale

Read more about BPCL to pay shareholders from Rs 9,876 cr Numaligarh Refinery stake sale on Business Standard. Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) may use Rs 9,876 crore proceed from stake sale in Numaligarh Refinery to pay a special dividend to shareholders

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