Chennai Petroleum Corporation Ltd

Type: Company
Name: Chennai Petroleum Corporation Ltd
First reported Sep 18 2014 - Updated Sep 19 2014 - 1 reports

India ships in 50 pct more Iranian oil in Jan-Aug -trade

* Aug crude imports from Iran up 81 pct y/y* India Oil Corp buys Iran oil after 2-mth gap* IOC ships in Caspian Sea oil for first timeNEW DELHI, Sept 18 (Reuters) - Indian imports of Iranian oil rose by nearly half to 271,000 barrels per day (bpd) in ... [Published CNBC - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Chennai Petroleum Corporation: Updates on outcome of AGM

Chennai Petroleum Corporation Ltd has submitted to BSE a copy of the Proceedings of the 48th Annual General Meeting of the Company held on August 20, 2014 along with a copy of the Chairman’s Speech.Source : BSERead all announcements in Chennai Petro To ... [Published Moneycontrol.com - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

RIL asked to halt sale of KG-D6 crude oil to Jamnagar refinery

(Follow @GasOilGuru on Twitter for important updates)The Financial Express reported that Petroleum Ministry has asked Reliance Industries to stop sale of crude oil from KG-D6 block to its affiliate Jamnagar refinery, saying it was not an arms length ... [Published Steel Guru - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 2 reports

Chennai Petroleum Corporation announces cessation of directors

Chennai Petroleum Corporation announced that L Sabaretnam, Independent Director and Venkatraman Srinivasan, Independent Director, have ceased to be the Independent Directors (Non-official part-time Directors) on the Board of CPCL effective 16 September ... [Published HDFC Securities - Sep 17 2014]
First reported Sep 16 2014 - Updated Sep 17 2014 - 1 reports

IOC cuts refinery output as rains hit fuel demand -source

By Nidhi VermaNEW DELHI (Reuters) - Indian Oil Corp (IOC.NS), the country's biggest refiner, has cut throughput at five key plants after heavy rains curbed demand for diesel in northern and eastern India, a company source with direct knowledge of its ... [Published Yahoo! Finance - Sep 16 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

CHENNAI PETROLEUM : CPCL TAKES UP Rs3,110-CRORE RESID UPGRADATION PROJECT

Chennai Petroleum Corporation Ltd (CPCL) has launched a resid upgradation project at a cost of Rs3,110 crore . The company expects to complete the project by Dec 2015 . CPCL will use the vacuum residue as thefeedstock in the project. The ... [Published 4 Traders - Aug 22 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Sensex rallies, Nifty regains 7900 levels; top 15 bets

NEW DELHI: After starting on a flat note, the S&P BSE Sensex managed to gather momentum in trade on Thursday and rallied over 90 points led by gains in ITC, TCS, Tata Motors, HDFC and HDFC Bank.Tracking the momentum, the 50-share Nifty index was trading ... [Published Economic Times - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

8/21/2014: Ht Business: Govt may stop RIL from selling crude to Jamnagar refinery

NEW DELHI: The petroleum ministry may order Reliance Industries to stop selling crude oil extracted from its KG-D6 oil well to its Jamnagar refinery, and instead sell it to Chennai Petroleum Corp Ltd (CPCL) at lower rates. According to the Production ... [Published Hindustan Times - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

8/21/2014: Ht Business: GOVT MAY STOP RIL FROM OIL SALE TO JAMNAGAR PLANT

The oil ministry is considering ordering Reliance Industries to stop selling KG-D6 crude oil to its Jamnagar refinery and instead sell it to Chennai Petroleum Corp Ltd at lower rates, after finding fault with an RIL tendering process. ... [Published Hindustan Times - Aug 21 2014]
First reported Aug 20 2014 - Updated Aug 20 2014 - 4 reports

CPCL is not a sick company: IOC chief

Chennai Petroleum Corporation Ltd, a group company of Indian Oil Corporation, is not sick and does not need to be referred to the Board of Industrial and Financial Reconstruction (BIFR), Indian Oil Corporation Chairman B Ashok said today."Chennai Petroleum ... [Published Business Standard India - Aug 20 2014]
First reported Aug 19 2014 - Updated Aug 20 2014 - 7 reports

Govt plans to stop RIL from selling crude to Jamnagar ref...

The Oil Ministry is considering ordering Reliance Industries to stop selling KG-D6 crude oil to its Jamnagar refinery and instead sell it to Chennai Petroleum Corp Ltd (CPCL) at lower rates. The Production Sharing Contract (PSC) mandates producers to ... [Published Rediff Realtime News - Aug 20 2014]
First reported Aug 13 2014 - Updated Aug 14 2014 - 2 reports

'India refiner to resume Iran oil imports'

Major Indian oil refiner Chennai Petroleum Corporation (MRL) reportedly plans to resume crude oil imports from Iran after a two-year hiatus as insurers return to the market. “This year, we plan to restart Iran oil purchases,” Managing Director S. Venkataramana ... [Published Press tv - Aug 14 2014]

Quotes

A company spokesperson, however, said RIL has not received any letter from the Ministry. "There is no restriction under the Production Sharing contract (PSC) for sale to affiliates or self (other division of RIL) and the sale is in accordance with PSC provision."
"We have cut throughput of our Mathura, Barauni, Koyali, Haldia and Panipat refineries due to low demand for fuels" the source told Reuters on condition of anonymity
"KG-D6 crude oil is being stock transfered/sold to RIL JamnagarJamnagar refinery at price established through a transparent arm's length sales process."
"The near-term trigger for earnings upgrades will be a correction in copra prices over the next 6-12 months. The company is also structurally shifting its portfolio towards value-added products" it reasoned

More Content

All (48) | News (44) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (3) | Press Releases (0)
sort by: Date | Relevance
Chennai Petroleum Corporation: Updates on outco... [Published Moneycontrol.com - Sep 18 2014]
India ships in 50 pct more Iranian oil in Jan-A... [Published CNBC - Sep 18 2014]
RIL asked to halt sale of KG-D6 crude oil to Ja... [Published Steel Guru - Sep 18 2014]
Chennai Petroleum Corporation announces cessati... [Published HDFC Securities - Sep 17 2014]
Chennai Petroleum Corporation: Cessation of dir... [Published Moneycontrol.com - Sep 17 2014]
Oil Min wants Reliance Industries to stop sale ... [Published Financial Express - Sep 16 2014]
IOC cuts refinery output as rains hit fuel dema... [Published Yahoo! Finance - Sep 16 2014]
Oil Min wants RIL to stop sale of KG-D6 crude t... [Published Business Standard India - Sep 16 2014]
Sensex Nifty fall 1%, midcap slips 3%; Bharti,... [Published Moneycontrol.com - Sep 16 2014]
Ril bpcl hpcl and ioc emerge as top winners at ... [Published FreePressIndex.com - Sep 10 2014]
RIL, ONGC, BPCL bag top honours at PetroFed Oil... [Published Business Standard India - Sep 08 2014]
Kuwait Petroleum Seeks Stake in Key IOC Refinery [Published PetrolWorld.com - Sep 04 2014]
Kuwait Petroleum eyes stake in Indian refinery,... [Published Reuters UK - Sep 04 2014]
Gas after coal? Why government's decision on ga... [Published DNA India - Aug 26 2014]
CHENNAI PETROLEUM : CPCL TAKES UP Rs3,110-CRORE... [Published 4 Traders - Aug 22 2014]
RIL, SAIL and Tata Steel to see some action today [Published Indian-Commodity - Aug 21 2014]
Sensex rallies, Nifty regains 7900 levels; top ... [Published Economic Times - Aug 21 2014]
8/21/2014: Ht Business: Govt may stop RIL from ... [Published Hindustan Times - Aug 21 2014]
8/21/2014: Ht Business: GOVT MAY STOP RIL FROM ... [Published Hindustan Times - Aug 21 2014]
Oil ministry plans to stop RIL from buying KG-D... [Published Times of India - Aug 20 2014]
CPCL takes up ₹3,110-cr resid upgradation project [Published Hindu Business Line - Aug 20 2014]
CPCL is not a sick company: IOC chief [Published Business Standard India - Aug 20 2014]
Chennai Petro to complete Rs 3,110-cr Resid Upg... [Published Business Standard India - Aug 20 2014]
Chennai Petroleum : CPCL TO IMPORT IRAN OIL AFT... [Published 4 Traders - Aug 20 2014]
Govt plans to stop RIL from selling crude to Ja... [Published Rediff Realtime News - Aug 20 2014]
Govt Plans to Stop RIL from Selling Crude to Ja... [Published Outlook India - Aug 20 2014]
Govt plans to stop RIL from selling crude to Ja... [Published Financial Chronicle - Aug 20 2014]
Chennai Petroleum Corporation announces appoint... [Published HDFC Securities - Aug 20 2014]
Blow for OilMin: GAIL, CPCL refuse to comply wi... [Published The Freepress Journal - Aug 20 2014]
Chennai Petroleum Corporation: Appointment of p... [Published Moneycontrol.com - Aug 20 2014]
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Eye on Iran: With Natural Gas Byproduct, Iran S... [Published Solsticewitch13's BOS - Aug 13 2014]
br />!--[if gte mso 9]><![endif]--> Join UANI             Top Stories NYT: "Iran is finding a way around Western sanctions to export increasingamounts of an ultralight oil to China and other Asian markets, expandingthe value of ...
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