The crude oil import bill for India is expected to increase by $37 billion to $125 billion during the current financial year (2018-19, or FY19) — a 42 per cent spike over the 2017-18 (FY18) bill of $88 billion.
Minister of Petroleum & Natural Gas and Skill Development and Entrepreneurship Dharmendra Pradhan will launch the Road Show for Phase II of Indian Strategic Petroleum Reserves on 17th Oct’2018, in New Delhi.
In the meeting, the Modi government will figure out ways on how to continue with Iran imports but at the same time reduce the dependence on Iran imports to some extent and how to make the import payments
Prime Minister Narendra Modi will meet government officials across ministries like petroleum, external affairs and finance later today to figure out ways for continuing with oil imports from Iran in the face of sanctions by the United States
Earlier on Wednesday, Odisha Governor Ganeshi Lal laid the foundation of the BPCL ethanol bio-fuel refinery plant in Bargarh.
Union Petroleum Minister Dharmendra Pradhan on Wednesday said that refinery plant under Bharat Petroleum Corporation Limited (BPCL) will make the country less reliant on other for crude oil and will also fulfill Prime Minister Narendra Modi
Oil Minister Dharmendra Pradhan Monday said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.
Oil Minister Dharmendra Pradhan Monday said as many as 5,000 plants for extracting biogas from agricultural residue, cattle dung and municipal solid waste are envisaged to be set up in the country in next five years at a massive Rs 1.75 lakh crore investment.
Dharmendra Pradhan to launch SATAT initiative to promote Compressed Bio-Gas as an alternative, green transport fuel
Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship, Dharmendra Pradhan will kick off an innovative initiative in New Delhi on 1st October, 2018, with PSU Oil Marketing Companies (OMCs ,i.e. IOC, BPCL and HPCL)
Union Minister Dharmendra Pradhan spoke to the media on fuel prices, reiterating his stand on bringing the fuels under the GST ambit. He said, “I want petrol and diesel to come under the ambit of GST. The GST Council should take a decision on this.”
Cabinet approves Policy Framework to Promote and Incentivize Enhanced Recovery Methods for Oil and Gas
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Policy framework to promote and incentivize Enhanced Recovery (ER)/ Improved Recovery (IR)/ Unconventional Hydrocarbon (UHC) production Methods/techniques
Indian cabinet on Wednesday approved a policy to provide fiscal incentives for oil recovery from matured fields by implementing better techniques – Oil Minister