India’s oil ministerDharmendra Pradhan has invited global investors to participate in the auction of oil and gas acreages being conducted by the government under the second round of bidding for Discovered Small Fields (DSF-II) and blocks being awarded under the new Open Acreage Licensing Policy.
The government is prepared to pay a higher offtake price to producers of biofuel than it does for fossil fuels in a bid to boost the use of clean energy, Petroleum Minister Dharmendra Pradhan said on Wednesday.
Union minister of state for petroleum Dharmendra Pradhan on Monday emphasised on ‘Asian Dividend rather than paying Asian Premium’ And Stressed on work towards “Responsible Pricing” by OPEC; important for India for socio-economic and developmental reasons
1st Indian Petroleum Minister to visit Myanmar in last 12 years
During his Myanmar visit, minister Dharmendra Pradhan put forth proposals on participation by Indian O&G companies in Mid & Down Stream sector of Myanmar
Moving with the aim of eradicating the misdirected subsidies (going to the rich and upper middle class) and providing access of clean cooking fuel to homes in rural India , the government in the past two years initiated various schemes like PAHAL, Ujjwala, “Give it up” and “Give back” that have together yielded notable results.
In line with the government’s vision to make India a gas based economy, all-out efforts are being made to provide access of LPG (clean cooking gas) to all rural kitchens and rural women who have been fighting the menace of smoke by using wood in their kitchens.
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.
Pradhan asks Saudi Arabian oil companies to invest in India
Saudi Aramco, the national oil company of Saudi Arabia, which is also the world’s largest oil and gas company in terms of reserves and output, is keen to enter the domestic oil distribution market.
Petroleum and Natural Gas Minister Dharmendra Pradhan would launch Pradhan Mantri Ujjwala Yojana (PMUY) in West
Union minister of state for Petroleum and Natural Gas, Dharmendra Pradhan after a thorough review on the availability
Transparent LPG (or cooking gas) cylinders will soon become a reality in India and two pilot projects are already underway in the markets of Pune and Ahmedabad for launching these modern and customer friendly LPG cylinders. Transparent LPG cylinders will help consumers, who are routinely frustrated at vendors delivering much less than the promised quantity […]