To buy 11 per cent stake in an oil project in Venezuela, ONGC Videsh, the overseas arm of State-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are planning. Petroliam Nasional Bhd, Malaysia's State-run oil company, has decided to withdraw from the Carabobo-I project following dispute over terms with Venezuela's state explorer Petroleos de Venezuela SA (PdVSA).
Author: admin (Infratructure Today)
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Centre asks States to cut VAT on jet fuel to 4%
The Union government on September 10 asked State governments to cut value added tax (VAT) on jet fuel to four per cent and ease a major burden on aviation industry in the country. The move comes as Indian airlines posting a combined loss of about Rs 10,000 crore in 2012-13 and a total debt of almost Rs 90,000 crore.
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Gas output in India to double to 211 mmscmd in 13-yrs
By 2026-27, India's natural gas production will more than double to 211 million standard cubic metres per day on back of desired policy support and correct pricing signals, the oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has said. Domestic gas production, which was 101.1 mmscmd in 2012-13, is projected to rise to 156.7 mmscmd in 2016-17 and to 182 mmscmd in 2021-22, according to a study commissioned by PNGRB.
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Iran demanded $5 lakh to free Indian oil tanker
Authorities at Iran's Bandar Abbas port are said to have demanded $5,00,000 from India to release the tanker Desh Shanti, which was carrying crude from Iraq. Desh Shanti was held to ransom by Iranian authorities Ćā spearheaded by the dreaded Iranian Revolutionary Guard Corps (IRGC) Ćā for 26 days.
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PM tells Moily to cut oil imports by $25 bn
The Prime Minister Manmohan Singh has asked the Union Oil Minister Marpadi Veerappa Moily to save $25 billion on oil imports in the current fiscal year, so that it can help the country narrow its current account deficit (CAD).Moily said and added that oil is one of the components which is responsible for CAD.
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Work on Jaipur-Gurgaon h’way stretch to pick up pace
Media reports say that now the decks have been cleared for speeding up of the widening of Jaipur-Gurgaon stretch of national highway (NH -8), which has been pending since a long time. Authorities discussed the pending issue on September 10. It is said that consensus has been reached on the issue between officials of the National Highways Authority of India (NHAI) and the Rajasthan State government.
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Blore Mayor promises to repair HMT road in Jalahalli
In Bangalore's Jalahalli the four-kilometre HMT road stretch, connecting Tumkur Road to the area, will be repaired soon. Bangalore Mayor BS?Sathyanarayana promised in this regard when a large number of residents, gathered during his inspection of the road. The residents complained to the Mayor about the bad state of the road.
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Upgradation of roads in Delhi’s Wazirpur begins
In Delhi's Wazirpur industrial area, upgradation of approach roads began on September 12. The Union Telecom and IT Minister Kapil Sibal and Delhi Transport Minister Haroon Yusuf formally inaugurated the work.
Yusuff said that all industrial areas of the national capital would be developed with modern infrastructure and signal window system would also be provided for fast development of industries.
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UP govt gives green signal for Agra ring road project
For the construction of Agra inner ring road, the Uttar Pradesh cabinet on September 10 approved bidding process. Under the agreed decision, the Agra Development Authority will bear the cost of allotting land to developers and the project will be implemented on a public-private partnership basis.
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Govt reviews documents availability of coal block allocation
The Union Ministry of Coal recently reviewed the efforts being made to locate the documents mentioned in the lists dated September 2 and September 3, 2013, sent by CBI to the Ministry of Coal. The meeting was attended by senior officials of Ministries of Coal, Power, Steel, Department of Industrial Policy & Promotion (DIPP) and representatives from Central Mine Planning & Design Institute Limited (CMPDI) and Coal India Limited (CIL).