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In 1976, the company was nationalized under the Act on the Nationalisation of Foreign Oil companies ESSO (1974), Burma Shell (1976) and Caltex (1977). [8] On 24 January 1976, the Burmah Shell was taken over by the Government of India to form Bharat Refineries Limited. On 1 August 1977, it was renamed Bharat Petroleum Corporation Limited.
So the price of petrol for the end user was ₹ 73.83 (86¢ US). [62] The natural gas purchase price from the natural gas producers, like ONGC, Oil India Ltd. and private companies, is fixed by the government based on prices prevailing in the US, Russia, the UK and Canada. [63] LNG price is linked to the prevailing crude oil price in global ...
Castrol India Limited is an automotive and industrial lubricant manufacturing company. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 20% [4] [failed verification] market share in the overall Indian lubricant market. [5] It is part of Castrol Limited UK (part ...
What future fortunes hold. Shell isn’t alone in leaning more toward oil and gas. BP, a British-headquartered energy giant ranked fifth on the Fortune Europe 500 list, also dialed down its ...
Shares of BP (BP) jumped to the highest level in six months on media reports that Royal Dutch Shell (RDS.A) considered bidding for the British company during the Gulf Oil disaster. BP shares ...
LONDON -- The U.K. is home to two of the world's biggest oil companies, BP (ISE: BP.L) and Royal Dutch Shell (ISE: RDSB.L) . Both of these are often suggested as good long-term shares for Foolish ...
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.
In 1963, the company left Burma and undertook new exploration in India, Pakistan, Bangladesh, Australasia, the Americas, Canada and the North Sea until 1986. [8] In 1966, Burmah acquired Castrol renaming it Burmah-Castrol. [9] The Bank of England came to the rescue of Burmah Oil after the company made large losses on its tanker fleets in 1974.