Rosneft
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Oil rises on supply worries, while coronavirus-led demand concerns ease; tensions in Libya cut oil exports by 1 million bpd
•The ongoing conflict has cut oil exports by 1 million barrels per day (bpd), while losses from the oil blockade have exceeded $1.6 billion.
BPCL privatisation: Russia's Rosneft keen to bid for state-owned refinery; meets with Oil Minister Dharmendra Pradhan
•As on 31 March, BPCL reported cash and cash equivalents of around Rs 5,300 crore, against Rs 10,900 crore of debt maturing over the next 15 months.
BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests
Fp Staff •Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
BPCL stake sale: Indian Oil likely to bid for govt's share in absence of global players
Fp Staff •The government has 53.3 percent stake in the BPCL which the bidders may buy either on their own or through a consortium.
BPCL privatisation: Saudi Aramco, Rosneft, ExxonMobil among global energy companies likely to bid for govt's stake in state-run oil firm
Fp Staff •Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.
India cannot sacrifice economic strength to comply with US sanctions, says Finance Minister Nirmala Sitharaman
•India wants to comply with global sanctions, including US sanctions on Venezuela and Russia, but also needs to maintain its own economic strength and strategic interests, Finance Minister Nirmala Sitharaman said
India pitches for stake in Far East oilfields, higher imports of oil from Russia
•India on Tuesday pitched for a stake in vast oil and gas fields as well as LNG terminals in the frozen Artic of Far East Russia as it looked to import more oil from the former Soviet republic as part of a strategy to diversify its energy basket
India raises cost of refinery project with Aramco by more than 36% after farmers' protest forces relocation of plant
•The project cost at the signing of a deal with Saudi Aramco in 2018 was pegged at $44 billion.
Qatar seeks inclusion of natural gas in GST, says move to help create demand for green fuel; GAIL backs demand
•Qatar supplies 8.5 million tonnes a year of liquefied natural gas to India.
Essar Global says all overseas debt cleared; $1.75 billion paid to Indian, foreign banks
•Essar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank. This repays entire Rs 31,500 crore of loans availed from these banks during 2008-14.