Indian cabinet on Wednesday approved a policy to provide fiscal incentives for oil recovery from matured fields by implementing better techniques – Oil Minister
The government is likely to sign contracts for 55 oil and gas exploration areas on September 24, awarded under India’s maiden open acreage auction OALP-1, people with direct knowledge of the development said.
India to have 10,000 CNG stations in next 10 years, on track to adapt cleaner fuels: Dharmendra Pradhan
Oil Minister Dharmendra Pradhan on Thursday said the country was on its way to construct more than 10,000 compressed natural gas (CNG) stations in the coming decade. He was speaking at an event held by the Society of Indian Automobile Manufacturers.
The oil ministry will soon announce a new Bio-Aviation Turbine Fuel (ATF) policy, oil minister Dharmendra Pradhan said today. The idea is to promote the use of clean biofuel in aviation.
Petroleum Minister Dharmendra Pradhan will tomorrow open the second round of bidding for discovered oil and gas fields with 26 areas on offer, an official statement said. In the first round of bidding for Discovered Small Fields (DSF) last year, 134 bids were received for 34 blocks out of 46 on offer.
All the work related to issuing gas connections to BPL families in the state would be completed by October 2 this year, Haryana Minister Karan Dev Kamboj today said.
ETEnergyWorld reported that India’s crude oil production is expected to increase by a marginal 1 million tonne over the next 4 years through 2022, the oil ministry has said. This is despite Prime Minister Mr Narendra Modi’s call for reducing the country’s crude oil imports by 10 per cent by 2021-22.
India is planning to set up a liquefied natural gas (LNG) import terminal in Myanmar as it looks to expand energy diplomacy in its neighbourhood, Oil Minister Dharmendra Pradhan said today.
Taiwan’s state-owned CPC Corp has proposed to invest USD 6.6 billion in petrochemical projects in Paradip in Odisha using feedstock from IOC, Oil Minister Dharmendra Pradhan said today. A Taiwanese delegation today discussed investment in the petrochemical cracker and downstream units.
India’s natural gas production is expected to double to 72 billion cubic meter (bcm) in four years through 2022, the oil ministry recently told a Parliamentary panel. The government is currently working on a plan to shift the country towards a gas-based economy.