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2017-02-08 18:35:00

INDIAN OIL UP 66%

INDIAN OIL UP 66%

NGWIndia's leading state owned oil and gas firm Indian Oil posted a net profit of rupees 153.86bn ($2.29bn) for the nine months ended December 31, 2016, compared with a net profit of rupees 92.36bn during the corresponding period of the previous year, a jump of almost 66%.

Profit for the 3Q of FY 2016-17 stood at rupees 39.95bn, compared with rupees 30.96bn in the corresponding quarter of 2015-16, an increase of 29%, Indian Oil said last week.

For 3Q, Indian Oil's product sales, including exports, were 21.314 million mt.

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Earlier: 

INDIA'S OIL CONSOLIDATION 

INDIA'S OIL DEMAND UP 

INDIA'S LNG IMPORTS UP 18% 

THE GREATEST INDIA'S MARKET 

INDIA'S GAS INVESTMENT: $20 BLN

 

 

Tags: INDIA, OIL, GAS

Chronicle:

INDIAN OIL UP 66%
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

INDIAN OIL UP 66%
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

INDIAN OIL UP 66%
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

INDIAN OIL UP 66%
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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