Gold
Sonowal inaugurates key infra projects at Chennai and Kamarajar ports
"Union Minister for Ports, Shipping & Waterways, Sarbananda Sonowal, inaugurated infrastructure projects worth ₹187.33 crore to strengthen operations at Chennai and Kamarajar Ports, enhancing India's maritime infrastructure and green port initiatives.The key projects include:EXIM Godowns at Chennai Port: Four newly constructed godowns, covering 18,000 square meters at a cost of ₹73.91 crore, will provide storage for sensitive cargo, such as agricultural products and food grains. This project, funded under the Sagarmala scheme, supports India’s goal of expanding trade capacity at ma..
Cairn becomes India’s 1st oil & gas company to join UNEP’s OGMP 2.0
Cairn Oil & Gas, part of Vedanta Group, has become the first oil and gas producer in India to sign a memorandum of understanding (MoU) with the United Nations Environment Programme's flagship methane reporting and mitigation initiative, Oil & Gas Methane Partnership (OGMP) 2.0. This commitment marks Cairn’s dedication to reducing methane emissions in line with global sustainability goals.OGMP 2.0 provides a comprehensive framework for managing methane emissions, focusing on accurate measurement, reporting, and verification (MRV) to drive effective reductions. Under the MoU, Cairn wil..
HPCL plans significant increase in Iraqi oil imports in 2025
Hindustan Petroleum Corporation Ltd (HPCL), India's state-run oil company, plans to increase its annual crude oil imports from Iraq to 100,000 barrels per day (bpd) in 2025, marking a 43% growth from its current import deal of 70,000 bpd in 2024. This expansion aligns with HPCL’s ongoing refinery upgrades and increased demand for crude.The increased imports will support the expansion of HPCL’s Vizag refinery in Southern India, which is undergoing an upgrade to boost its capacity from 274,000 bpd to 300,000 bpd. HPCL also operates the 190,000 bpd Mumbai refinery and is set to begin operatio..
