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Oil India Limited (OIL.BO)
- Reuters
Oil India contains leak at well in Assam state
Oil India said on Wednesday it had contained an overnight leak at a crude oil well in the eastern state of Assam. Gas and crude oil spread out to nearby areas located within about 100 metres of the site in the Tinsukia District of Assam, the company said in an exchange filing.An on-site team was formed to immediately assess the affected areas, the company said. Oil India did not provide any details on the extent of oil and gas that spilled due to the leakage or if any personnel were affected.
- Reuters
Oil India looking at return to Libya
QUITOL, India (Reuters) -Oil India is talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top company official told Reuters. Earlier in the day, a source familiar with the matter said that the company was looking for more foreign assets and is in talks to restart drilling in Libya. The source said the company was in talks over two blocks in Libya, without giving a timeline for a possible deal.
- Reuters
India's first bamboo-based biorefinery to start operations in March
India's Numaligarh Refinery Ltd (NRL), a subsidiary of explorer Oil India, plans to start ethanol production at its biorefinery in the northeastern state of Assam from March, the company's managing director Bhaskar Phukan said on Tuesday. India, the world's third biggest consumer and importer of oil, is aiming to reduce its crude oil consumption by switching to sustainable alternatives such as bio fuels.
