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Daily Press Review (25 Jun 2018)

Government defers auction for 60 oil and gas fields by a month

India looks to revive rupee payment mechanism for Iran oil imports -govt source

Mongolia launches construction of first oil refinery with India aid
(Munkhchimeg Davaasharav & Henning Gloystein, Reuters)

Govt may award contracts for first OALP oil and gas field auction in July
(Shine Jacob, Business Standard)

Cumbersome process may hit city gas licensing
(Sanjeev Choudhary, ET Bureau)

Govt planning to set up bio-CNG plants in rural India soon: Oil minister Pradhan

India, UAE and Saudi Arabia likely to enter into trilateral oil cooperation
(Dipanjan Roy Chaudhury, ET Bureau)

$60 a barrel ideal oil price for India as it will bring investments: HPCL
(Shine Jacob, Business Standard)

Minor leak in ONGC pipeline on paddy field creates panic

OPEC's decision not to over-comply on productions cuts to help India grapple with high prices
(Bilal Abdi, ET Energy World)

Why GAIL Has Only One 'Sell' Rating
(Soumeet Sarkar, Bloomberg)

Indian oil companies to gain from higher Opec output
(Shine Jacob, Business Standard)

Contracts of Rs 525 crore for refinery awarded

India devises way to bypass US sanctions, pay for Iran oil

UAE FM to visit six Indian cities; focus on energy, bilateral trade ties

ADNOC to sign deal on Monday for stake in Indian refinery: government source

India's crude oil conundrum: When high oil prices hurt and when low oil prices hurt too
(Pragya Srivastava, Financial Express)

Nanar refinery project not cancelled, says BJP
(The Asian Age)

Meet On Assam Oil, Gas Yield
(Energy Infra Post)

Next on agenda: Easier filing, bringing in petroleum items under GST
(The Indian Express)

Amid trade war, India offers to buy 1,000 planes, more oil from US
(Indrani Bagchi, TNN)

UAE's ADNOC to ink pact with Petroleum Ministry

Spurious oil sold in Hindustan Petroleum bottles, three booked

Opec to raise crude oil production: Experts' take
(The Economic Times)

Petrol prices cut for 3rd straight day, diesel prices cut after 2-day break
(Business Standard)

160 biomass processing plants to come up: Manpreet

Govt's plan to hedge crude oil price risk hits bureaucratic wall
(Sidhartha, TNN)

Company Announcements

Niko Reports Results for the Year Ended March 31, 2018
(Niko Resources Ltd.)

Mercator Petroleum Ltd. - Declaration pursuant to Regulation 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on Standalone Financial Result
(Mercator Petroleum)

Reliance Industries - Allotment of equity shares pursuant to Employees Stock Option Scheme
(Reliance Industries)

Reliance Industries - Resolution Plan for Alok Industries Limited- Update
(Reliance Industries)