| Essar Oil Ltd. Related news |
RIL, Essar Oil, ONGC, Torrent in race for CNG retailing permit
Posted on 19th March 2018 |
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Mumbai: Reliance Industries Ltd (RIL), Essar Oil Ltd, Oil and Natural Gas Corp. Ltd (ONGC) and Torrent Power Ltd are among companies planning to bid for the ninth round of city gas distribution (CGD), two people aware of the matter said. The Petroleum and Natural Gas Regulatory Board (PNGRB) will offer compressed natural gas retailing licences in 100 cities shortly. The Petroleum and Natural Gas Regulatory Board (PNGRB) will offer compressed natural gas retailing licences in 100 cities shortly. |
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Essar Oil & Gas gets saviour in GAIL for Rs 4,000 cr CBM project
Posted on 6th March 2018 |
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Essar Oil and Gas Exploration, which has so far been finding it difficult to get customers for its coal-bed methane (CBM) gas, has found a saviour in GAIL. The company controlled by Ruias is set to sign a pact with the public sector firm on March 15 for selling its CBM at a locked-in price, with assured offtake for 15 years. |
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Essar Oil eyes loans from traders as banks fear Russian links
Posted on 23rd February 2018 |
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Indian refiner Essar Oil is looking to raise over $1 billion from trading houses after its new Russian owners could not raise loans from major Western banks due to sanctions on Russia. Essar wants to borrow the money for 3-4 years and repay it with cargoes of refined products as it seeks to cut its reliance on lending from Indian banks, banking and trading sources familiar with the discussions said. |
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