Khartoum : Sudan and South Sudan on Thursday discussed means of re-operating South Sudanese oil fields that were halted due to the civil war which erupted in 2013. Sudanese capital Khartoum on Thursday hosted technical talks, chaired by under-secretaries at oil...
Mumbai : The Ruia brothers-led Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to ex-shareholders of Essar Oil (EOL) who tendered their shares at the open offer prior to the delisting of the company, which was sold to Russia's Rosneft-led...
Kolkata : India's steel consumption in July rose by 3.7 per cent to 6.905 million tonnes (mt) over corresponding month last year and exports in the last month grew by 64 per cent, the Steel Ministry's latest report said on Saturday. "Overall consumption in July at...
By Saurabh Katkurwar, New Delhi : A slump in the export of perishable commodities such as fruits and vegetables due to high airfreight charges has prodded the government to explore the cost-effective alternative of water transport to boost the trade and give Indian...
Kolkata : State miner Coal India Ltd (CIL) on Monday posted a 23 per cent fall in consolidated net profit for the first quarter ended June at Rs 2,351.2 crore caused by higher expenses. According to a stock exchange filing, the company had recorded a profit after tax...
Mumbai : BSEs India INX (India International Exchange) on Saturday said it has received an approval from the Securities and Exchange Board of India to commence trading in gold options contracts from August 30. "The international exchange will be the first one in India...
New Delhi : State-run gas transmission utility GAIL India on Thursday reported a 23 per cent fall in net profit for the first quarter of the fiscal ended June at Rs 1,025.64 crore, as compared to a profit after tax (PAT) of Rs 1,335.18 crore in the same quarter of the...
Riyadh : Saudi Arabia and Iraq have expressed their commitment to abiding by an agreement to cut oil production that was signed between the Organisation of the Petroleum Exporting Countries and 10 other nations, the media reported on Thursday. The two countries...
Vienna : The basket of crude oil used as a benchmark indicator by the Organization of Petroleum Exporting Countries went down to $49.94, the OPEC Secretariat said on Monday. The OPEC said the price of its basket decreased by 0.6 percent on Friday compared with the...
Baghdad : The Iraqi government said on Sunday it had succeeded in reducing to 85 percent the country’s reliance on petroleum revenues which are the biggest portion of revenues calculated in the state budget, Iraqi News reported. That is a drop from an estimated 95...