BPCL has eight tanks on Butcher Island. The fire was limited to only one tank. No casualty was reported during the mishap.
Post-merger all refining units of ONGC will be accumulated under HPCL, making it India's third largest oil refiner after Indian Oil Corp (IOC) and Reliance Industries, Pradhan said.
With Tehran delaying the award of rights to develop the 12.5 trillion cubic feet gas field to its discoverer, OVL, India decided to cut oil imports from Iran by a fifth in 2017 -18.
Under the Modi rule, 58 per cent of income was in the hands of just 1 per cent of the rich, and the remaining 42 per cent income was divided among 99 per cent of the people, says Communist Party of India (CPI) general secretary Suravaram Sudhakar Reddy
Indian govt favours creation of integrated companies in the public sector but ensures no monopoly, said Union Minister Dharmendra Pradhan.
ONGC Videsh Ltd Managing Director Narendra K Verma said talks are on with Russian gas monopoly Gazprom for an alternative swap.