Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
India has offered Qatar stake in some of the major petro projects, including the petrochemicals complex at Dahej in Gujarat, Indian Oil Corporation's (IOC's) LNG project in Ennore, Tamil Nadu, BPCL's petrochemical project in Kochi, petrochemical project in Mangalore and investment opportunity in the Paradip refinery and petrochemical project to …
Estimates point to 4-year-high of 4.9% rise in petroleum product sale trend likely to continue, says PPAC The country’s diesel consumption rose a massive 11.9 per cent in 2011-12, leading to an expected 4.9 per cent growth in the sale of petroleum products in the just-ended financial year. That will …
Management panel to mull integrated survey plan this week. The oil ministry has called a crucial meeting of administrators of the KG-D6 block to deliberate upon Reliance Industries’ plan to survey the entire deep-sea region, instead of a piecemeal approach, to accelerate joint development of 16 untapped discoveries and reverse …
New Delhi After the Union Budget wiped out $1 billion from Cairn India’s market cap by raising the cess on oil production from R2,500 per tonne to R4,500, the government continues to sit on the company’s applications for both increasing production from its existing MBA (Mangala, Bhagyam and Aishwarya) fields …
India’s dream of providing clean gas-based power stations is turning sour. Three gas-based power plants, including Pragati, Bawana and Rithala in the NCR region, with a combined capacity of over 1,730 MW, have literally “run out of gas”. With ministry of petroleum and natural gas sources confirming that India’s gas …
Cheaper alternate fuel gains ground as industry switches from expensive petrol. Diesel consumption in the country jumped 11.9% in February as industries increased the use of the cheap fuel, while curbs on overloading of commercial vehicles forced transporters to increase the number of trucks on roads. Growth in diesel sales …
New Delhi In what could give a reprieve to consumers who have been fearing another hike in petrol price, the government has decided to put the proposal in abeyance. According to official sources, oil marketing companies (OMCs) that have pitched for a petrol price hike will have to wait until …
Cairn Energy India Pty Ltd. (CEIL), on Tuesday, said it had discovered oil in Nagayalanka-SE-1 well in the onshore block of Krishna-Godavari Basin. CEIL, the wholly-owned subsidiary of Cairn India Ltd. (CIL), has notified the management committee — comprising Director-General of Hydrocarbons, ONGC and Ministry of Petroleum and Natural Gas …
New Delhi Declines to give a grace period for completing Paradip refinery project The finance ministry has declined to give a grace period to Indian Oil Corporation (IOC) for completing its Paradip refinery in Orissa that has missed the March 31 deadline for benefiting from the seven-year income tax holiday. …
New Delhi Public gaze on natural resources allocation in the wake of assorted scandals and adverse CAG reports has made policymakers wary, leading to a stalemate in allocations and project delays. This was apparent when the petroleum ministry on Wednesday awarded less than half of the 34 oil and gas …
New Delhi The Petroleum ministry has sought an additional R40,000 crore in cash subsidies for the current fiscal to compensate fuel retailers for losses incurred on diesel and cooking fuels, even as oil minister S Jaipal Reddy gave no indication of a fuel price revision soon. Oil secretary GC Chaturvedi …
The Petroleum and Natural Gas Ministry, on Wednesday, signed Production Sharing Contracts (PSCs) for the newly awarded 16 oil and gas blocks under the IX round of New Exploration Licensing Policy (NELP), with Oil and Natural Gas Corporation (ONGC) emerging as the biggest winner with six blocks. However, ONGC saw …
NewDelhi:The government decided against levying a cess on diesel vehicles fearing that the move will adversely impact employment and investment, especially after companies have sunk in thousands of crores in the country, a senior finance ministry official said. “It was a policy decision taken at the highest level,” said the …
Obama administration officials say they are concerned India may run afoul of a new US law restricting payments for Iranian oil, forcing the White House to impose sanctions on one of its most important allies in Asia. So far this year, India is failing to cut back its purchases of …
NEW DELHI: Oil Ministry is closely monitoring oil imports by refiners, but it has no plans to order a reduction in Iranian supplies despite reports that the Obama administration may impose sanctions against India on June 28 because the country continues to buy significant quantity of oil from Teheran, government …
The management committee of Reliance-operated D6 block, which is headed by the director general of hydrocarbons, has so far granted approval for the company to recover only $3.99 billion of its cost from sale of oil and gas out of its claim of $9.47 billion, oil minister Jaipal Reddy said. …
NEW DELHI: For the second time in a year, the Oil Ministry has ordered diversion of natural gas from Reliance Industries' KG-D6 fields to fuel-starved power plants in Andhra Pradesh. The Ministry on March 2 issued orders that 2.5 million cubic meters per day of gas, which state-owned GAIL India …
To achieve increased capacity utilization Chennai Petroleum Corporation Limited (CPCL) has written to the Petroleum and Natural Gas Ministry seeking allocation of entire KG-D6 crude oil production for the Cauvery Basin Refinery (CBR) at Nagapattinam in order to sustain CBR operations and achieve increased capacity utilisation. In a letter to …
New Delhi The Prime Minister’s Office (PMO) has asked the petroleum ministry to legally examine whether the government can allow the Mukesh Ambani-controlled Reliance Industries (RIL) to increase the prices of gas produced from the KG D6 basin as against the current sale price of $4.2 a unit as decided …
Prime Minister Manmohan Singh’s Office has asked the petroleum ministry to examine whether the government can allow Mukesh Ambani-controlled Reliance Industries Limited (RIL) to increase the price of its gas from the KG D6 basin from the current $4.2 per mmbtu (million metric British Thermal Units), decided by a group …
