The government had recently approved sale of its 51.Hindustan Petroleum Corporation will remain a public sector unit with a separate board and brand identity post ONGC acquiring governments entire 51. This will take the company to 50 million tonnes-plus category.ONGC owns 71.HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition and board of the refining and marketing company will continue to remain in place. The company, which is being merged with exploration giant ONGC, has also planned capex of Rs 61,000 crore for capacity expansion over the next five years.5 million tonnes per annum (MMTPA) capacity and the other in Visakhapatnam (East Coast) with a capacity of 8."With a huge potential of growth amidst rising energy demand and due to low per capita consumption base, the oil and gas sector is poised for an exciting and challenging future," HPCL chairman and managing director M K Surana told reporters here Wholesale dust proof seal post the companys annual general meeting.On HPCL taking over MRPL post-acquisition by ONGC, Surana said a discussion on the issue has not taken place yet but "it is a reasonable possibility that MRPL will go along with HPCL".Post-merger, all refining units of ONGC will be accumulated under HPCL, making it the third largest oil refiner after Indian Oil Corporation (IOC) and RelianceIndustries, Pradhan had said while announcing the merger some months ago.Mumbai: State-owned oil marketer HPCL has drawn up investment plans of Rs 7,110 crore for business growth in the current fiscal. Union Finance Minister Arun Jaitley is heading the three-member ministerial panel to oversee and expedite the sale of the government stake in oil refiner HPCL to explorer ONGC for around Rs 35,000 crore.63 per cent of MRPL, a company it had acquired from AV Birla Group in March 2013.On ONGC acquiring HPCL, Surana said the government has formed an advisory panel which would decide the valuation (share price) for acquisition. The Cabinet on July 19 approved sale of governments stake in HPCL to the largest oil producer ONGC for Rs 30,000 crore.HPCL also owns and operates the largest lube refinery in the country producing lube base oils of international standards, with a capacity of 428 TMT.
This Lube Refinery accounts for over 40 per cent of the Indias total lube base oil production. HPCL will hold 74 per cent stake while the Rajasthan government will hold the rest.Surana also said the company has signed a revised MoU and a joint venture agreement with Rajasthan for setting up 9 MMTPA refinery cum petrochemical complex at Barner at a cost of Rs 43,129 crore. HPCL owns and operates two major refineries producing a wide variety of petroleum fuels and specialities, one in Mumbai (West Coast) of 7.11 per cent stake in oil refiner HPCL to Indias largest oil producer ONGC."We are adapting to this changing energy mix and are well positioned to create value for all the stake-holders in the future with a capex of over Rs 61,000 crore over the next five years," he added.While the capex stood at Rs 5,860 crore in the last fiscal, it is expected to be Rs 7,110 crore this financial year.11 per cent stake, which at current prices is valued at about Rs 28,800 crore.HPCL plans to set up a 9 million tonne unit in Rajasthan as well as expand its Vishakhapatnam refinery.Earlier in the day, Surana informed investors that "the focus (of ONGC acquiring HPCL) is to introduce new technologies, create a vibrant and investor friendly upstream sector for production of oil and gas, transform country into a refining and petrochemical hub, create a national natural gas grid, move to a market driven pricing, leverage technology for reducing costs, introduce innovative payment solutions and transition the country to a low carbon economy"

And India will try to create a network for that within the four countries," he said, referring to a need to have a greater say in importing crude oil from OPEC nations."All the four major Asian economies should come together."I see bigger co-operation between four bigger economies of Asia.New Delhi: India will work to create a network with other major oil buyers in Asia, such as China, South Korea and Japan, to negotiate better terms with sellers, the country’s Oil Minister Dharmendra Pradhan said in New Delhi on Thursday. India will try to create a network Wholesale O ring between these four economies," he said.

The constitution, the first drawn up by elected representatives, was meant to cement peace and bolster Nepal's transformation to a democratic republic after decades of political instability and a 10-year Maoist insurgency.The fuel crisis has forced international airlines to make additional stops overseas to refuel while the state-run Nepal Oil Corporation has struggled to supply domestic carriers.But it has instead resulted in deadly violence with more than 40 people killed in clashes between police and protesters.The fuel crisis has forced international airlines to make additional stops overseas to.Saturday's agreement comes after Nepal signed its first-ever petroleum supply agreement with China last week, ending a decades-long monopoly by India, but details have yet to be worked out. The country is home to six airlines, including pneumatic seal for sale state carrier Nepal Airlines..Nepal has faced crippling fuel shortages since September 24, when demonstrators from the Madhesi ethnic minority kicked off a blockade in the southern town of Birgunj.. Kathmandu: Nepal has struck a deal with a private supplier to fly in fuel from Bangladesh to ease crippling shortages that have sparked fears of domestic flights being grounded, its state oil trading company said Saturday.."Petromax has agreed to bring 400,000 litres of ATF per day, this should solve our problem and allow to supply international airlines with fuel as well," Ghimire told AFP.They are protesting against the country's new constitution which they say will leave them politically marginalised.New Delhi has denied the charge and urged dialogue with the protesting Madhesis, who have close cultural, linguistic and family ties to Indians living across the border.Nepal Oil Corporation had earlier warned that domestic flights could be halted due to shrinking supplies."We have reached an agreement with a private company, Petromax Nepal, who will air-lift ATF (aviation turbine fuel) from Bangladesh in the next three to four days," said Mukunda Ghimire, a spokesman for Nepal Oil Corporation.
In a crackdown that dashed hopes of a compromise between the government and demonstrators, Nepali security forces on Monday broke up the blockade for a few hours, sparking violent protests and leading an Indian man to die in police firing.Protesters seeking changes to Nepal's new constitution have blocked a key checkpoint bordering India for more than six weeks, cutting off vital supplies and forcing fuel rationing across the landlocked Himalayan nation.The movement of cargo across other Indian border checkpoints has also slowed to a crawl, prompting authorities in Kathmandu to accuse New Delhi of imposing an "unofficial blockade" to show its dissatisfaction with the new charter.

Several students bodies of the region have decided to observe the bandh in support of the call given by the North East Students Organisation (NESO), an umbrella organisation of students unions, of which the AASU is a constituent.Tyres were burnt on roads at various places in Assam to prevent movement of vehicles.The bandh evoked response in the Bengali-majority Barak valley also where Prime Minister Narendra Modi on January 4, had announced that the Citizenship Amendment Bill, 2016 will be passed as soon as possible in the Parliament as a penance for past injustices. Appropriate forces have been deployed across the state to prevent any untoward incident."Meanwhile, member organisations of the NESO in other states such as Mizo Zirlai Pawal (MZP), All Arunachal Pradesh Students Union (AAPSU), Khasi Students Union (KSU), Garo Students Union (GSU), Naga Students Federation (NSF), All Manipur Students Union (AMSU) and Twipra Students Federation (TSF) are also supporting the bandh.Guwahati: An 11-hour North East bandh, called by a number of students organisation and political parties on Tuesday, to protest against the controversial Citizenship (Amendment) Bill began amid tight security at 5am.A skeleton service of the government-run Assam State Transport Corporation buses were pressed into service.Shops, markets, financial institutions kept their shutters down, educational institutions, private offices remained closed and private vehicles, including long-distance buses, kept off roads in the Brahmaputra valley, police and official sources said.

The bill seeks to amend the Citizenship Act 1955 to grant Indian citizenship to people from minority communities — Hindus, Sikhs, Buddhists, Jains, Parsis and Christians — from Afghanistan, Bangladesh and Pakistan after six years of residence in India instead of 12 even if they do not possess any proper document.Assam Director General of Police Kuladhar Saikia said, "District SPs have been instructed to ensure public peace.In Assam, the All Assam Students Union (AASU) has called for a state-wide bandh after a gap of 10 years and it is being supported by the Asom Gana Parishad (AGP), which withdrew support to the BJP-led government in Assam on Monday, the opposition Congress, the AIUDF, and the Krishak Mukti Sangram Samiti (KMSS). Patrolling has also been intensified at all places.Thirty ethnic organisations are also supporting the bandh in Assam.Attendance in government offices was thin as the employees had difficulty in reaching their workplace in the absence of adequate public transport, the sources said. Vehicles were damaged in Guwahati, Tinsukia and Dibrugarh districts, police said.Railway tracks were blocked briefly in Guwahati and Dibrugarh district but movement of trains, including that of the Delhi-bound Rajdhani Express, resumed after the GRP removed protestors from the tracks, railway sources said.The AGP and other groups in Assam have said the provisions of the bill will nullify the 1985 Assam Accord, which provides for deportation of all illegal migrants, irrespective of religion, who had entered the state after March, 1971.Train and flight O ring Manufacturers schedules remained unaffected.Security arrangements were intensified and patrolling by police and paramilitary forces intensified across the state in view of the bandh called by the AASU after ten years.

　　5 million barrels a year of oil and oil products, 4 million as crude and 4.Under the measure, countries are authorised to inspect ships suspected of carrying banned North Korean cargo but must first seek the consent of the flag-state, and joint ventures were banned."The DPRK will redouble the efforts to increase its strength to safeguard the countrys sovereignty and right to existence," the ministry said, using the abbreviation for the Norths official name.US President Donald Trump said the latest measures were a "very small step - not a big deal" that must lead to tougher measures.It was "another illegal and evil resolution on sanctions piloted by the US", it said in a statement carried by the official KCNA news agency. There are almost 100,000 of them, according to the US mission, earning more than $500 million a year for the regime.Washington had initially sought a full oil embargo and a freeze on the foreign assets of leader Kim Jong-Un in response to the test, but dropped them following strong opposition from China and Russia.The UN Security Council unanimously imposed an eighth set of sanctions on the North Monday, banning it from trading in textiles and restricting its oil imports, which US President Donald Trump said was a prelude to stronger measures.The UN resolution also barred countries from issuing new authorisations to North Korean workers sent abroad.The Norths foreign ministry condemned the new measures "in the strongest terms", calling them a "full-scale economic blockade" driven by the US and aimed at "suffocating" its state and people.Government estimates of the yield from its sixth nuclear test vary from South Koreas 50 kilotons to Japans 160, but 38 North, which is linked to Johns Hopkins University in the US, raised its estimate to "roughly 250 kilotons", in line with upward revisions for the magnitude of the resulting tremor.Seoul: North Korea vowed Wednesday to accelerate its weapons programmes in response to the "evil" sanctions imposed by the UN Security Council following its latest and most powerful nuclear test.But the Souths unification ministry described the statement as "the most low-key form of response from North Korea to UN Security Council resolutions".

　　According to the US mission to the United Nations, the North imports around 8."Those sanctions are nothing compared to ultimately what will happen," Trump said, but added that it was "nice to get a 15 to nothing vote".The new resolution instead bans trade in textiles, cuts off natural gas shipments to North Korea, places a ceiling of 2 million barrels a year on deliveries of refined oil products and caps crude oil shipments at current levels.The German air-to-surface weapon was capable of precision strikes on key North Korean facilities even if launched from the central part of the South, it added.The respected 38 North website in the US raised its estimate for the yield from the explosion, which Pyongyang says was a hydrogen bomb small enough to fit onto a missile, to around 250 kilotons -- more than 16 times the size of the device that devastated Hiroshima in 1945.The US and its allies argue that tougher sanctions will pile pressure on North Korea to negotiate an end to its weapons programmes but experts are sceptical.- Petrol and diesel -The North said it needs nuclear weapons to protect itself from "hostile" US forces and analysts believe Pyongyangs weapons programme has made rapid progress under leader Kim Jong-Un, with previous sanctions having done little to deter it..Retail petrol prices in the North jumped earlier this year, with some analysts suggesting the authorities were stockpiling in the expectation of a ban.5 million in refined form -- which includes China O ring Manufacturers substances such as petrol and diesel.It added that the Norths textile exports averaged $760 million a year.The detonation, Pyongyangs sixth nuclear blast, prompted global condemnation and came after it carried out two intercontinental ballistic missile launches in July that appeared to bring much of the US into range.The resolution, passed after Washington toned down its original proposals to secure backing from China and Russia, came just one month after the council banned exports of coal, lead and seafood in response to the ICBM launch.Seoul conducted its first live-fire exercise of its new long-range Taurus missile in response to the nuclear test, its Air Force said.