IOC and the Odisha government have agreed on modalities to resolve the long-running tax dispute relating to the Paradip refinery, sources said.
Mukesh Ambani-controlled Reliance is planning a new project in West Bengal and expects its investment in existing projects in telecom and retail in the state may touch even Rs 20,000 crore in the near future.
Public sector petrochem giant Indian Oil Corporation ( IOC) is going to launch its 450 kg jumbo pack of LPG in entire West Bengal this financial year keeping bulk consumers as target buyers.
The Centre has asked states to reduce to sales tax or VAT on products like natural gas that have been kept outside the Goods and Service Tax (GST) but are used as input by industries subjected to the new indirect tax regime.
Facing acute energy shortages, Pakistan plans to ink multibillion-dollar LNG supply contracts with Nigeria and Algeria
The tax dispute between the Odisha government and Indian Oil Corporation might finally see an early resolution, thanks to intervention from petroleum minister Dharmendra Pradhan that has succeeded in breaking the deadlock in this matter.
With an ambitious plan to double the volume of liquefied natural gas (LNG) imports this year, the government intends to ink multibillion-dollar state-to-state gas supply contracts with big African producers – Nigeria and Algeria, sources say.
International oil majors like Exxon Mobil, Royal Dutch Shell And Total SA are enthusiastically investing in energy technology start-ups, fearing being caught off guard by disruptive changes.
The Rajasthan government today signed a joint venture agreement with Hindustan Petroleum Corporation Ltd (HPCL) for the upcoming mega petroleum refinery in Barmer at a cost of Rs 43,129 crore.
The government is considering enhancing the revenue base of state-owned oil companies’ petrol pumps by allowing them to offer pharmaceuticals, groceries and other such products for sale.