HPCL calls for emergency board meet to clear Barmer’s new fiscal package

HPCL calls for emergency board meet to clear Barmer’s new fiscal package

The much-awaited Rs 42,000-crore Barmer refinery in Rajasthan by state-run Hindustan Petroleum Corporation Ltd (HPCL) may get a fresh lease, as the ministry of petroleum and natural gas may sign a fresh memorandum of understanding with the Rajasthan government this week with revised fiscal package for the project.

Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members

Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members

Lack of replacements for the retiring members in the past one and a half years has left Petroleum and Natural Gas Regulatory Board (PNGRB), the nation’s downstream regulator, with just one member, making the board dysfunctional that can potentially delay the latest round of award of rights to build pipeline in eight districts.

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