Manish Vaid Analyses if PSUs oil merger offer synergy in energy?

Manish Vaid Analyses if PSUs oil merger offer synergy in energy?

Manish Vaid Analyses if PSUs oil merger offer synergy in energy? Says that ‘few business marriages are made in heaven’ and compatibility of merging companies should always be the driving force of any mergers. It is only then one can imagine synergy in energy in any M&A propositions

Budget announces creation of two more Strategic Oil Storages in Odisha and Rajasthan

The two new strategic oil facilities announced at Odisha and Rajasthan are in addition to the three facilities that already exist in the country as underground storages in rock caverns at Visakhapatnam (1.33 million tonnes), Mangalore (1.5 MT) and Padur (2.5 MT).

Budget announces creation of two more Strategic Oil Storages in Odisha and Rajasthan

Union petroleum minister Dharmendra Pradhan said the move to create two new strategic oil storage will enhance India’s energy security “taking our strategic reserve capacity to 15.33 MMT.” This, he said, will increase India’s oil storage capacity to meet the consumption requirement of about 90 days which is at par with the international benchmarks.

Creation Of An Integrated Mega Indian Oil PSU To Rival Global Energy Majors Announced In Union Budget 2017

Creation Of An Integrated Mega Indian Oil PSU To Rival Global Energy Majors Announced In Union Budget 2017

In what can rival the likes of Russia’s Rosneft ($55 billion in market cap) and UK’s BP Plc ($112 billion) in market value and financial power, finance minister Arun Jaitley while presenting the Union Budget 2017 announced creation of an integrated public sector ‘oil major’ by integrating the oil sector PSUs across the value chain and to enhance capacity of Oil PSUs to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders.

India and UAE Ink 14 Memorandum of Understandings (MoUs)

Sheikh Mohammed bin Zayed Al Nahyan is also India’s chief guest at the Republic Day Parade.

India and UAE Ink 14 Memorandum of Understandings (MoUs)

India and UAE on Wednesday inked as many as 14 strategic co-operation Memorandum of Understandings (MoUs)in the fields of defence, energy, trade and investment, information technology, and maritime security.

Make in India Chemicals & Petrochemicals Sector – Achievement Report

Make in India Chemicals & Petrochemicals Sector – Achievement Report

The Chemicals industry in India is an important contributor to the Indian economy sustaining a variety of downstream industries such as textiles and pharmaceuticals. The Indian chemicals industry with a market size of USD 145 billion is the seventh largest producer of chemicals worldwide and the third largest producer in Asia after China and Japan.

No additional levy on use of cards at petrol stations says Petroleum Minister

No additional levy on use  of cards at petrol stations says Petroleum Minister

In what came as a big relief for consumers of petrol and diesel and petrol pump owners, union minister of state (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan said Monday. The All India Petroleum Dealers Association (AIPDA) on Sunday announced that it would not accept payments through credit and debit cards from Monday in protest the banks’ decision to levy additional charge of up to one per cent on such transactions

Year End Review 2016 – Ministry Of Petroleum And Natural Gas

While a large number of important policies, activities, decisions and initiatives were undertaken by the Ministry of Petroleum & Natural Gas in last one year, what scored over every other initiative was empowerment of the rural women under the Pradhan Mantri Ujjwala Yojana program of the petroleum ministry where morethan 1.22 crore new LPG connections were released to BPL women.

Year End Review 2016 – Ministry Of Petroleum And Natural Gas

As the year draws to a close, its time to check the promises versus delivery by the important economic ministries of the government.

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