Page 67 - Vitol News Today

Net losses soared to an alarming Rs14.49b compared to Rs7.59b in 2021

During two roadshows held to seek private investment for building the SPRs, global companies, including BP, Shell and traders Trafigura, Vitol, Glencore, Vopak and KNOC showed interest, Rameswar Teli said.

Strategic Petroleum Reserves: In 2021, the Indian cabinet approved building two more SPRs with the help of private companies - a 6.5 million-tonne facility at Chandikhol in easter Odisha state and a 2.5 million-tonne cavern at Padure in southern Karnataka state.

Crude oil prices are set to post a sixth straight week of gains on the back of a tighter market and easing recession fears

Chinese oil major Petrochina is among global companies that have shown interest in building new strategic petroleum reserves in India, the countrys junior oil minister said on Thursday....

The government said companies like Trafigura, BP, SKE&C, Petrochina, GASP, Vopak, Geostock, Monnet, Hyundai, Gulf Energy, Natixis, Vitol, Glencore, DBS, KNOC, Lloyd’s Register, IC-Group, ANU Resources, Shell, Parson Brinkerhoff, Sweco AB, SKANSKA etc., evinced interest in participating

During two roadshows held to seek private investment for building the SPRs, global companies, including BP, Shell and traders Trafigura, Vitol, Glencore, Vopak and KNOC showed interest, Rameswar Teli said. India, the worlds third-biggest oil importer and consumer, has 5.55 million tonnes of crude reserves at three locations in southern India.

India plans to build two commercial-cum-strategic oil storage facilities with a combined capacity of 6.5 million tonnes in a public-private partnership mode.

On July 26, the Department of Justice (DOJ), the Department of Commerce's Bureau of Industry and Security (BIS), and the Department of the Treasury's Office of Foreign Assets...

Eni Ghana on behalf of its OCTP partners, Vitol Upstream Ghana Ltd (Vitol) and Ghana National Petroleum Corporation (GNPC), together with...