Private refiners such as Essar Oil and Reliance are in talks with the Petroleum Ministry and Cairn Energy to lift a portion of Cairn’s Mangala crude in Rajasthan, which is expected to flow out shortly. For full story, click here
The state-owned oil exploration major the Oil and Natural Gas Corporation on Saturday has approved the revised cost estimates for developing the much-talked about Cairn India’s Mangla oilfield in Rajasthan and agreed to invest around $350 million more on the on-land fields. For full story, click here
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