December,12,2018,Wednesday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Two Synthetic Gas Projects Coming Up In Odisha

Two Synthetic Gas Projects Coming Up In Odisha

Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said Odisha will soon have two Synthetic Natural Gas (SNG) projects at Talcher and Paradip where gas will be produced from coal.

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MOST NOTABLE STORIES OF THE WEEK

Reduction in oil duties best solution to check fuel price rise: Assocham

Reduction in oil duties best solution to check fuel price rise: Assocham

Reducing taxes is the best solution to check the spurt in fuel prices which would also tremendously help India on the exports front, industry body Assocham said today.

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IREDA

India Sets An Ambitious Target To Reduce Fossil Fuel Dependency By 2030- Singh

India aims to increase Renewable Energy (RE)-based electricity contribution to 40 per cent, an ambitious target to reduce fossil fuel dependency of the economy by 2030, Director General, Indian Chamber of Commerce (ICC) Rajiv Singh said.

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Pakistan, Russia finalise deal to study undersea gas pipeline project

Pakistan, Russia finalise deal to study undersea gas pipeline project

Pakistan and Russia have finalised a memorandum of understanding (MoU) for conducting a "feasibility study" of a planned undersea gas pipeline.

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Aviation: Airlines Flying Low Thanks To Higher Crude Oil Prices

Aviation: Airlines Flying Low Thanks To Higher Crude Oil Prices

Indian listed airlines had a turbulent flight during the March quarter, what with crude oil prices rising steadily. Yields declined year-on-year (y-o-y) at IndiGo and Jet Airways (India) Ltd.

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Govt To Challenge High Court Order On Cairn

Govt To Challenge High Court Order On Cairn

Oil Minister Dharmendra Pradhan today said the government will challenge a Delhi Court order overturning its demand for higher tax for extension of contracts of producing oil and gas fields.

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RBI cites rising crude as risk to inflation, hikes projection for FY19

RBI cites rising crude as risk to inflation, hikes projection for FY19

Citing the rise in global crude oil prices as a risk to consumer inflation, the Reserve Bank of India's MPC has hiked its inflation projection for FY19.

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India's Nayara sees no problem in replacing Iranian oil, if required

India's Nayara sees no problem in replacing Iranian oil, if required

Indian private refiner Nayara Energy, a key buyer of Iranian oil, is prepared to replace Iranian oil if required under U.S. sanctions and hopes to settle dues owed to Tehran for past purchases ahead of a November deadline, its chief executive said.

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