Union oil minister Dharmendra Pradhan said on Sunday his ministry was trying to bring petrol and diesel under the purview of the Goods and Services Tax (GST).
Following the announcement of the sale of the government’s equity share-holding in Hindustan Petroleum Corporation Limited (HPCL), Oil and Natural Gas Corporation(ONGC) Chairman and Managing Director (CMD) Shashi Shanker said the designated Rs 36,915 crore was well within recommended limits.
Oil and Natural Gas Corporation (ONGC), India’s first to be fully integrated ‘Oil Major’, will will benefit from an increased appetite for overseas acquisitions post the Rs 36,915 crore acquisition of state-run fuel retailer Hindustan Petroleum (HPCL), Chairman and Managing Director Shashi Shanker said.
Oil & Natural Gas Corporation will use a mix of debt, cash reserves and proceeds from a planned sale of stakes in IndianOil and GAIL to fund its acquisition of Hindustan Petroleum Corporation, the chairman of India’s largest oil explorer said. ONGC needs to pay Rs 36,915 crore for the government’s 51.11% stake in HPCLBSE […]
“We should not limit our efforts to 2018. We need to be talking about a longer framework for our cooperation,” Faleh said before a meeting between OPEC and non-OPEC countries in Muscat.
The government is all set to cross annual disinvestment target this fiscal for the first with ONGC buying the Centre’s entire 51 per cent stake in HPCL for Rs 36,915 crore.
India’s largest oil exploration company Oil and Natural Gas Corporation (ONGC) will acquire 51.1% controlling stake in HPCL from the government for Rs 36,915 crore.
Assam industry minister, Chandra Mohan Patwary on Saturday said that Centre has in principle agreed to come up with gas pipeline from Barauni in Bihar to Guwahati in Assam.
The Trump administration’s promise to exempt Florida from an offshore drilling plan is not a formal action, an Interior Department official said Friday in a statement that Democrats said contradicted a high-profile announcement by Interior Secretary Ryan Zinke.
Asian spot prices for liquefied natural gas (LNG) hit their highest in more than three years this week, with traders in Asia and Europe flagging temperatures in northern Asia are set to dip further as production outages curb supply.