Union Petroleum Minister Dharmendra Pradhan today said Russian oil giant Rosneft planned to tap the retail fuel market in India in a big way.
“Rosneft, the Russian oil major, who recently took over Essar Oil, are planning in a bigway to tap retail fuel market in India,” he told reporters after inaugurating City Gas Distribution (CGD) Project to supply eco-friendly natural gas to households, industries and transport sector, here.’
Three days back, Reliance Industries and its partner BP plc had announced investment of $6 billion in developing new gas fields in the KG-D6 block after an eight-year hiatus.
Credit – The Economic Times
Latest posts by The Economic Times (see all)
- States Producing Wind Energy Asked To Ensure Regulatory Nod For Power Purchase Agreements – August 24, 2017
- Your Fuel Price Also Includes A Fund For Toilets – August 24, 2017
- Railways To Hire 2 Lakh Workers To Put Safety Back On Track – August 23, 2017