India opens Energy Office in Moscow to expand investments and procurement
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The IEO will cover five top Indian entities Oil India Limited, ONGC Limited Videsh Limited, GAIL (India) Limited, Indian Oil Corporation Limited, and Engineers India Limited. The announcement to set up IEC was made by the Foreign Secretary during his recent trip to Moscow.
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IEO has been opened for promoting the interest of Indian oil and gas PSUs in Russia and of Russian companies in India in the energy sector.
India on Tuesday opened India Energy Office (IEO) in Russia with a goal to push an already burgeoning energy partnership between the two strategic partners.
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Bharat Petroleum to sale its equity in Numaligarh Refinery
Privatisation bound public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said on Monday that its board has approved the proposal for sale of the company s equity shares in the Numaligarh Refinery Ltd (NRL) to a consortium of Oil India Limited and Engineers India Limited, along with the government of Assam.
BPCL is selling its entire shareholding of 61.65 per cent in NRL to the consortium as part of its sell-off process that mandated separation of the Assam-based refinery before the strategic sale.
As per the information shared with the stock exchanges, BPCL said that in case the government of Assam doesn t participate in the purchase of shares in NRL, its entire shareholding will be sold to the consortium.
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Guwahati: The New Delhi-headquartered Quippo Oil and Gas Infrastructure Limited has agreed to create 5,000 jobs for Assamese youths to secure the release of their two employees abducted by the banned United Liberation Front of Assam (Independent) or ULFA(I), the mediator negotiating between the two sides has claimed.
Speaking to ThePrint, Kaushik Phukan, the mediator, said the negotiation between the two sides concluded late Monday evening, adding that there would be no payment of ransom.
“We have wrapped up the talks. We will have them (Quippo employees) back with us very soon. Both sides are positive. Quippo will create 5,000 jobs for eligible engineers from Assam,” Kaushik Phukan, the mediator between Quippo and ULFA, told ThePrint. He is the son of missing former mediator Rebati Phukan who was working to resolve issues between the Government of India and ULFA (I) through peace dialogue.