To get more crude oil to India, oil companies want the Union government to allow them to import crude oil on what is called the cost, insurance and freight (cif) basis, without requiring any approval from the Shipping Ministry. The move is expected to eventually help more foreign flagged vessels to ship crude oil to India. Allowing crude imports on cif basis will transfer the power of how crude oil carriers are chosen to the selling party Ăâ that is, firms in other countries.
Author: admin (Infratructure Today)
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ONGC adds reserves in FY13
State-run oil and gas explorer ONGC added initial-in-place reserves of 265.65 million tonne oil plus oil-equivalent gas during 2012-13. According to internal assessment, this would mean ultimate reserves of 84.84 million tonne of oil plus oil-equivalent gas. Currently, the firm produces 44-45 million tonne of oil plus oil-equivalent gas. The firm has much more oil, as well as oil-equivalent gas because of the discoveries mad
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Five trucks damaged in fire at Chennai port
Media reports say that five trucks were damaged in a fire that broke out at the Chennai Port Trust complex on May 19 evening. No one was injured in the fire which occurred in a shed where the trucks were parked, Port Fire officials said. While the cause of the incident was under investigation, officials suspect that excessive heat in the shed could have resulted in sparks, leading to fire.
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Report points to slow capacity addition in major ports
The Parliamentary Standing Committee on Transport, Tourism and Culture remarked pointed out to the slow pace of capacity adddition in major ports and said this was lagging behind capacity addition in private ports. In a report tabled in the Parliament, the committee said the government's aim to raise the capacity of the 12 major ports to 1,229.24 million tonne (mn t) by 2017 is a
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Work on Gurgaon’s MDI Chowk flyover to begin in July
In Gurgaon, construction of a 600-metre-long flyover is expected to begin anytime in July, a senior Public Works Department (PWD) official said. The intersection connects Old Gurgaon areas with the New Gurgaon through Iffco Chowk and Signature Tower Chowk. Once it comes into being thousands of motorists commuting through the busy MDI Chowk can expect a sigh of relief.
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Mumbai’s Grant Road skywalk to be opened soon
In Mumbai, the Grant Road skywalk will be ready for public use within a month. This is the second-last skywalk nearing completion in the Mumbai Metropolitan Region (MMR). Work on Grant Road skywalk has entered final stages.
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South Mumbai to Chembur in 15 mins via freeway
By the end of this month, commuter will be able to zip to Chembur from south Mumbai in about 15 minutes. The Mumbai Metropolitan Region Development Authority (MMRDA) will open a portion of the Eastern Freeway from Orange Gate to Panjarpol. The remaining part up to Ghatkopar-Mankhurd Link Road (GMLR) will be opened early next year.
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Nitish lays foundation for Rs 30 cr bridge on Kamla Balan
Bihar Chief minister Nitish Kumar visited a remote village, Thengha, under Tardih block of the Madhubani district and laid the foundation stone for a bridge over the Kamla Balan river on the second day of his Seva Yatra on May 18. The bridge would connect Thengha village with Madhepur block headquarters in Madhubani district.
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Odisha govt uses GIS to prepare master plan of 31 cities
Odisha Chief Minister Naveen Patnaik informed at a conference that the state government was making use of the Geographical Information System (GIS) to prepare a Master Plan of 31 cities and towns in the state. It may be noted that master plans enable preparation and implementation of different schemes in a town. A Comprehensive Development Plan is also required for town planning and to provide basic infrastructure to
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Andhra govt sets up panel to process RAY
In order to implement the Rajiv Awas Yojana, the Andhra Pradesh government set up a state-level nodal agency (SLNA), Mission for Elimination of Poverty in Municipal Areas (MEPMA). Various Urban local bodies in the state are submitting the detailed project reports (DPRs) under the scheme to MEPMA. The state government also set up a DPR Appraisal Committee headed by commissioner and director of muni