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Reuters
Aug 29, 2022, 11:55 PM
Chennai Petroleum Corp Ltd said it has formed a joint venture with its parent company Indian Oil Corp and others to build a 9 MMTPA refinery at a cost of 315.80 billion rupees ($3.95 billion) in southern Tamil Nadu state.
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Reuters | Aug 29, 2022Indonesia To Shift $1.6 Billion Portion Of Fuel Subsidy Budget To Welfare ProgrammesIndonesia will reallocate 24.17 trillion rupiah ($1.62 billion), or nearly 5%, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said.1 min read
Reuters | Aug 29, 2022In Poland, Where Coal Is King, Homeowners Queue For Days To Buy FuelIn Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times.3 mins read
Reuters | Aug 29, 2022India's Reliance Unveils $9.4 Billion Plan To Boost Oil To ChemicalsReliance Industries Ltd, operator of the world's biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said.2 mins read
Seshan Vijayraghvan | Aug 29, 2022Planning To Buy A Used Volkswagen Vento? You Must Consider These Pros And ConsIf you are looking for a capable used compact sedan the Volkswagen Vento can be a good option to consider. However, before you start looking for one, here are some pros and cons you must know about.2 mins read
Reuters | Aug 29, 2022California To End Sales Of Gasoline-Only Cars By 2035California Governor Gavin Newsom first announced the plan to phase out vehicles that run only on gasoline by 2035 in September 2020.3 mins read
Reuters | Aug 29, 2022Mercedes Set To Lead India's Luxury EV Market As Tesla Stays OutMercedes-Benz will launch three new electric cars this year, be the first company to assemble a luxury EV, and will set up a fast-charging network nationwide2 mins read
Reuters | Aug 29, 2022Oil Sinks About 4% After Weak Factory Data Sparks Demand ConcernsOil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.2 mins read
Reuters | Aug 29, 2022Indian Oil Corp Unit To Open 50 Fuel Stations In Sri Lanka To Help Alleviate CrisisSri Lanka has given approval for India's Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation.1 min read
