The Indian Oil Corporation (IOC) has agreed in principle to provide technical support to the Nepal Oil Corporation (NOC) for building petroleum storage plants in all seven provinces.
Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of deep reductions by other major producers, OPEC said Monday.
City gas distribution (CGD) networks and pipelines for carrying natural gas and petroleum are essential facilities. Laying of CGD network
In the Budget for 2017-18, Finance Minister Arun Jaitley said the government proposes to create an integrated public sector oil major
The pact assumes immense significance for an oil importing nation like India and one that feeds 80% of its crude oil needs through imports. The underground strategic storages have been built at different locations across India and filling half of the oil storage facility at Mangalore amounts to 10 days of India's average oil demand (or about 37 million barrels of crude oil).
In what will help towards India’s energy security goals besides building a strong bond with the United Arab Emirates (UAE), India on Wednesday inked a significant pact with the energy rich Gulf nation on oil storage and management.
Union minister of state for petroleum and natural gas, Dharmendra Pradhan has appealed to everyone to work towards removing fear from people’s mind related to additional charges on Digital payments at Petrol pumps.
Chief Minister V Narayanasamy on Wednesday said the Centre has acceded to the Puducherry government’s plea to supply cooking gas to every household through pipelines in Yanam region, an enclave of Puducherry in Andhra Pradesh.
Global giant in the oil sector, Saudi Aramco has hinted at setting up a refinery in Andhra Pradesh.
The Saudi Arabian oil major also evinced interest in turning coastal Andhra Pradesh as one of its major bases but this plan will move forward only after the Centre okays the proposa
India’s oil and gas sector has attracted foreign direct investments worth $ 1.18 billion in the past two financial years between April 2014 and March 2016, the government said in its “achievement report” for the petroleum sector.
The Minister of State (Independent Charge) for Petroleum and Natural Gas, Dharmendra Pradhan said that the draft norms on fuel efficiency for heavy duty vehicles will be released on 1st April.