India Oil and Gas News Update Jan 2014

• SN 70 CFR India price remained status quo as compared to previous month price.
• SN 500 FOB USA current price reported at USD 940 – 955 PMT in December 2013.
• BS 150 CFR India price decreased by USD 5 PMT in December 2013 as compared to previous month price.
• CFR Base Oil India current prices reported in the range of USD 935? 950 PMT in December 2013.
• DNV GL Oil & Gas gets new MENA and India director.
• BreitBurn Energy Partners L.P. announces acquisition of additional Permian Basin interests and properties for approximately $282 million.
• Technip and BP extend their successful purified terephthalic acid alliance.
• Quantum awarded $3.2 million in additional natural gas storage and fuel system agreements for diesel to natural gas conversion program.