The deal also includes a 0.737% shareholding in the Baku-Tbilisi-Ceyhan (BTC) pipeline company through its subsidiary, ONGC BTC Limited, for a total investment of $60 million.
The ship, to be built by Samsung Heavy Industries Co. Ltd., Korea, is expected to join GAIL鈥檚 fleet in 2027, the company said.
With 1.36 crore domestic PNG (piped natural gas) connections already established across urban and semi-urban areas, India is set to expand this network tenfold to 12.63 crore households by 2032
The billionaire Mukesh Ambani-run group, which operates the world's biggest oil refining complex at Jamnagar in the western Indian state of Gujarat, announced in 2021 investments worth $10 billion to develop its green energy portfolio and achieve its 2035 net zero carbon goal.
State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Asokenagar in West Bengal six years back but is still awaiting the state government's nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday.
Brent crude futures fell by 7 cents, or 0.1 Percent , to $73.21 a barrel by 0232 GMT. U.S. West Texas Intermediate crude futures were at $69.10, up 38 cents, or 0.55 Percent , compared to Wednesday's closing price.
The blending target, initially set for 2030, has been advanced to Ethanol Supply Year (ESY) 2025-26 under the Ethanol Blended Petrol (EBP) Programme.
Located in Pachpadra, Rajasthan, the refinery has begun pre-commissioning activities for several units and is likely to start operations soon.
Brent crude futures edged up by 8 cents to $72.91 a barrel by 0955 GMT while U.S. West Texas Intermediate crude futures were up 7 cents at $68.79.
The company, through its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), re-engaged INEOS to support the plant's revitalisation, formalising this renewed collaboration through an Amendment Agreement signed here, it said in a statement.
The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said.
