Cabinet Approves Policy On Extension Of PSCs Signed For Awarding Pre NELP Blocks

Cabinet Approves Policy On Extension Of PSCs Signed For Awarding Pre NELP Blocks

In a significant decision, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi on Wednesday approved a policy for grant of extension to the Production Sharing Contracts (PSC) signed by Government of India awarding Pre-NELP Exploration Blocks to enable and facilitate investment to extract the remaining reserves.

Cabinet approves closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil – CREDA Biofuels Ltd. (ICBL)

Cabinet approves closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil – CREDA Biofuels Ltd. (ICBL)

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi on Wednesday approved closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil – Chhattisgarh Renewable Energy Development Agency (CREDA) Biofuels Limited (ICBL).

Asia Naphtha/Gasoline-Gasoline at 3-wk high; brisk naphtha demand

Asia Naphtha/Gasoline-Gasoline at 3-wk high; brisk naphtha demand

Asia’s naphtha crack edged up to $75.23 a tonne on Wednesday, supported by firm demand and weaker Brent crude, traders said. South Korea’s Lotte Chemical is in talks to buy naphtha for June 2017 to May 2018 delivery and this came shortly after YNCC and LG Chem had recently closed their term deals with sellers […]

ONGC to enhance activities in Tripura, no plan of shifting

ONGC to enhance activities in Tripura, no plan of shifting

The exploration giant ONGC TripuraAsset today ruled out any plan of shifting its forward baseoffice from the state to Assam. The management has decided to further expand the activities in the state. Refuting the recent media report regarding shifting of ONGCbase office to Cachar in South Assam, an ONGC release said it will employ additionalresources […]

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