Oil Minister Dharmendra Pradhan today remained non-committal on cutting excise duty on petrol and diesel, which have touched record highs, saying merely that the government is keeping a close watch on the situation.
Giving a push for speedy approvals, the petroleum ministry has proposed that discovered small fields (DSF) be awarded in future by a limited group of the petroleum minister and the finance minister, instead of the 14-member Cabinet Committee on Economic Affairs (CCEA) headed by the Prime Minister.
State-owned Indian Oil Corp (IOC) today signed an initial pact with Israel’s Phinergy Ltd for developing ultra lightweight metal-air batteries that can be used in electric vehicles(EVs).
The Energy sector in India is likely to emerge as an integral sector driving India towards growth, Dharmendra Pradhan, Minister of Petroleum & Natural Gas said recently.
The Centre for High Technology in association with Indian Oil Corporation will organise the 22nd Refining and Petrochemicals Technology Meet from January 13 to 15 here in Bhubaneswar.
Prime Minister Narendra Modi’s ambitious Rs 129.4 billion Urja Ganga gas pipeline project is now being extended to North East adding another 750-km up to Guwahati and later to all the state capitals of the region.
India’s first plant to convert coal to synthetic gas is to be set up in Odisha under the supervision of state-run gas transmission utility GAIL, the Petroleum Minister said on Thursday.
Consumption of fuel, a proxy for oil demand, totalled 17.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Amid talk of spinning off gas marketing business of GAIL India Ltd into a separate company, Oil Minister Dharmendra Pradhan today said the state-run firm should focus on building natural gas pipelines as marketing can be done by “anyone”.
Amid reports of splitting GAIL India’s gas transportation and marketing business, Oil Minister Dharmendra Pradhan today said the company should concentrate on laying gas infrastructure while marketing can be done by anyone.