Govt plans reinsurance fund to cover refiners using Iranian oil Government's plans to set up a fund to back local insurers providing cover for refiners processing Iranian oil after companies warned they would be forced to halt imports from the sanctions-hit nation, the federal oil secretary said on Sunday. ...  
05:47 PM, Mar 24, 2013

Three bank accounts of Essar Oil frozen Ahmedabad: The Gujarat government on Monday froze three bank accounts of Essar Oil Ltd (EOL) in Jamnagar following Gujarat High Court directives to expedite recovery of over Rs 8,000 crore in sales tax dues. "Three bank accounts of EOL have been frozen in Jamnagar district as part of the due recovery process," a top finance department functionary said. The division bench of Justice PB Majmudar and Justice Mohinder Pal last...  
09:41 PM, Jul 09, 2012

Many firms show interest in Cairn crude Cairn is ready to start production from its Saraswati field and it waiting for finalisation of oil sales. ...  
05:04 PM, Feb 22, 2007