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petroleum Sector News & Updates - July 7, 2026



Foundation stone for BPCL’s Rs. 1 lakh crore refinery project likely in July
Petroleum   -  May 26,2026
Bharat Petroleum Corporation Limited is expected to lay the foundation stone for its ₹1 lakh crore greenfield refinery project in Andhra Pradesh in July. The mega investment will boost India’s ref .


MRPL, ONGC and OPaL to form petrochemicals marketing joint venture
Petroleum   -  Apr 28,2026
Mangalore Refinery and Petrochemicals Limited, Oil and Natural Gas Corporation, and ONGC Petro additions Limited plan to form a joint venture for petrochemical product marketing. The collaboration aim .


IOCL bags KTPL gas pipeline project bid
Petroleum   -  Apr 22,2026
Indian Oil Corporation Limited has won the KTPL gas pipeline project, strengthening its midstream presence. The project will enhance gas transportation, support industrial demand, expand city gas netw .


PM Modi to launch Rs. 79,450 crore greenfield petroleum complex in Rajasthan
Petroleum   -  Apr 21,2026
Narendra Modi will launch a ₹79,450 crore greenfield petroleum complex in Rajasthan to boost refining and petrochemical capacity. The project will reduce import dependence, support value-added produ .


PNGRB plans Rs. 12,500 crore LPG pipeline expansion
Petroleum   -  Apr 20,2026
Petroleum and Natural Gas Regulatory Board plans a ₹12,500 crore LPG pipeline expansion to improve distribution efficiency, reduce road transport dependence, and strengthen India’s downstream ener .


ISPRL advances crude oil storage expansion in Odisha
Petroleum   -  Apr 16,2026
India Strategic Petroleum Reserves Limited is expanding crude oil storage in Odisha to enhance energy security, increase capacity, prevent supply disruptions, and strengthen national preparedness and .


Bhubaneswar to convert vegetable waste into Bio-CNG
Petroleum   -  Apr 08,2026
BMC has partnered with Nexband Renewables to set up a 150 TPD Bio-CNG plant in Begunia, converting vegetable waste and Napier grass into 6,000 kg of daily biofuel. This circular economy project target .


Rs. 48,862 crore Galathea Bay port project gets approval
Petroleum   -  Apr 07,2026
The ₹48,862 crore Galathea Bay ICTP in Great Nicobar is a strategic transshipment hub aimed at rivaling Singapore and Colombo. With a 20m natural depth and 16 million TEU ultimate capacity, the proj .


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