According to media reports, the Jammu and Kashmir government plans to introduce an ordinance for beginning work on the Bhatinda-Jammu-Srinagar gas pipeline project. It may be noted that the Gujarat State Petronet (GSPL), a subsidiary of Gujarat government, secured the
Category: Oil & Gas
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BPCL set to begin work on refinery project
Bharat Petroleum Corporation (BPCL) is set to begin work on the Rs 14,000-crore integrated refinery expansion project at its Kochi facility. BPCL roped in LG Chemicals of South Korea as its joint venture partner for the petrochemicals complex, whic
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India depends less on Iran for crude oil
Reports suggest that India's dependence on Iran for oil import has been declining from 13 percent some years ago. India imported 18.11 mn t oil from Iran, which is less than 21.20 mn t imports in 2009-10 and 18.50 mn t in 2010-11. During April-November 2012, the country imported 118
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Cabinet panel to decide on proposal to raise LPG cap
Media reports suggest that the Cabinet Committee on Economic Affairs would decide on the proposal of the oil ministry to raise the cap of the cap on supply of subsidised cooking gas (LPG) cylinders per household per year to nine. In September 2012, the government limited the subsi
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Ministry proposes gradual hike in diesel prices
In order to reduce the impact of fuel subsidy on government's fiscal deficit, the petroleum ministry proposed a gradual rise in diesel prices, by 1 per litre every month over a 10-month period. It is expected that the gradual rise may avoid controversy engendered by steep hikes in infrequent revisi
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Output from RIL’s KG basin falls to 21 mmscmd
Reports suggest that natural gas output from D1, D3 and MA fields in Reliance Industries' (RIL) Krishna-Godavari basin stands at about 21 mmscmd after hitting a peak of 60 mmscmd in end-2009. Officials who are in the knowhow of the issue feel that
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IGL raises CNG prices
Citing increased input gas price and related taxes, Indraprastha Gas (IGL) recently raised the selling price of compressed natural gas (CNG) in Delhi, Noida, Greater Noida and Ghaziabad by 4 percent. According to a company statement, the 4 per cent revision in CNG price would result in increase of Rs 1.55 a kg in
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CCI to decide on clearing investment in blocks
Reports suggest that the Cabinet Committee on Investments would deliberate on giving approval to investment in several oil and gas blocks that are struck because of lack of statutory clearances. CCI would meet on January 15 to deliberate on stalled infrastructure projects. According to union oil ministry, around 47 oil and gas blocks require clear
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PLL agrees to allot capacity to GSPL
Recently, Petronet LNG (PLL) signed an agreement with the Gujarat State Petronet to allot 1 Million Tonne Per Annum (MTPA) of capacity in its natural gas re-gasification terminal at Dahej. PLL agreed to allot the capacity to the firm for a period of 20 years starting from 2016
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IOC to upgrade refining capacity
State-run oil refiner Indian Oil Corporation (IndianOil) plans to upgrade itself to process heavier crude. In the first phase of its expansion plan, the company invested substantially to process high sulphur crude. In the second phase, it is looking at upgrading itself to pro