* There are adequate oil supplies in the market to compensate for lost oil imports from Iran, Indian oil minister Dharmendra Pradhan said in New Delhi on Tuesday.
* India halted imports from Iran after the United States’ May withdrawal of exemptions that allowed eight nations, including India, to import crude from Iran despite sanctions against the Middle East producer.
* The minister also said the government has asked Gail (India) Ltd , India’s biggest natural gas utility, to form a plan to separate its gas marketing and transmission business.
* Pradhan said that India’s diesel demand will continue to rise despite increasing numbers of electric vehicles. Read More
Latest posts by ET Energy World (see all)
- Indian oil companies keen to invest in Khaleej Al Bahrain basin - August 19, 2019
- Coal burning: India largest SO2 emitter in world, says Greenpeace - August 19, 2019
- Weak spot LNG prices don’t help Asia much, but boost Europe - August 19, 2019