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
The Board of Oil and Natural Gas Corp may consider tomorrow if ONGC will invest more in Cairn India’s Rajasthan oilfield despite the project offering negative returns on investment. For full story, click here
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