The vibrant state of Gujarat has been emerging as a major investment destination for the oil and gas sector due to the state governmentÂ’s sound economic policies.
Over the years, various industries such as power, automobiles, healthcare, gems, jewellery and ports have seen sharp acceleration in their businesses, boosting the stateÂ’s growth at a time when the countryÂ’s economic growth run-rate has been showing a downward curve over the past couple of years.
Category: Oil & Gas
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Gujarat to remain a hot-spot for oil & gas sector
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Corporate planner
Divakar Marri is the Head - Corporate Planning & Program ManaÂgement (PMO) in Ramky Infrastructure Limited (RIL) since 2005. Divakar is a certified Strategic ManaÂgement Professional namely from Indian Institute of Management, Calcutta, India, Project ManaÂÂgement Professional (PMP) from Project Management Institute,
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Oil India to set up 2.5 mnt LNG terminal
Oil India (OIL) plans to make a footprint in the imported gas segment and as part of this it considers to set up a 2.5-million tonne (mn t) capacity LNG regassification terminal. The company has reportedly appointed Foster Wheeler AG as consultant to prepare a project report for the foray into imported gas.
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Oil India to set up 2.5 mnt LNG terminal
Oil India (OIL) plans to make a footprint in the imported gas segment and as part of this it considers to set up a 2.5-million tonne (mn t) capacity LNG regassification terminal. The company has reportedly appointed Foster Wheeler AG as consultant to prepare a project report for the foray into imported gas.
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IOCL to expand pipeline network
HS Pati, Executive Director (eastern division) of Indian Oil Corporation (IOCL) said the company plans to expand its pipeline network by over 10,000-km in the coming years. The capacity of the pipeline network would increase by about 50 million metric tonne per annum (mn mtpa), Pati said. The firm recently decided to lay a 1,200-km oil pipeline from Paradip to Hyderabad passing through Visakhapatnam, he said. While the 1,065-km-long Paradip-Raipur-Ranchi pipeline at a cost of Rs 1,793 crore will
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IOCL to expand pipeline network
HS Pati, Executive Director (eastern division) of Indian Oil Corporation (IOCL) said the company plans to expand its pipeline network by over 10,000-km in the coming years. The capacity of the pipeline network would increase by about 50 million metric tonne per annum (mn mtpa), Pati said. The firm recently decided to lay a 1,200-km oil pipeline from Paradip to Hyderabad passing through Visakhapatnam, he said. While the 1,065-km-long Paradip-Raipur-Ranchi pipeline at a cost of Rs 1,793 crore will
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Oil India to rope in foreign consultant
Oil India plans to hire an international consultant for gaining technological know-how to exploit heavy oil from its newly discovered wells. The company recently discovered oil reserves in an oil well in the Nachna area at a depth of 1,229 m. The firm also found oil reserves in another well two months ago. Oil found in both these wells comes in the category of heavy oil but India still does not have the technique to exploit heavy oil. During exploration works, oil and gas was found in many areas
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Oil India to rope in foreign consultant
Oil India plans to hire an international consultant for gaining technological know-how to exploit heavy oil from its newly discovered wells. The company recently discovered oil reserves in an oil well in the Nachna area at a depth of 1,229 m. The firm also found oil reserves in another well two months ago. Oil found in both these wells comes in the category of heavy oil but India still does not have the technique to exploit heavy oil. During exploration works, oil and gas was found in many areas
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Govt to reconsider oil import from Iran
External Affairs Minister Salman Khurshid said that his government would review in the new year the issue of importing crude oil from Iran. Oil imports from Iran has a steadily declining share in IndiaÂ’s total oil imports with the levels dropping from over 16 per cent in 2008-09 to almost 10 per cent in 2011-12.Earlier, US exempted India from the sanction on import of Iranian crude oil. The bottom line of the conditions of the waiver has been satisfied which is you should not increase dependency
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Govt to reconsider oil import from Iran
External Affairs Minister Salman Khurshid said that his government would review in the new year the issue of importing crude oil from Iran. Oil imports from Iran has a steadily declining share in IndiaÂ’s total oil imports with the levels dropping from over 16 per cent in 2008-09 to almost 10 per cent in 2011-12.Earlier, US exempted India from the sanction on import of Iranian crude oil. The bottom line of the conditions of the waiver has been satisfied which is you should not increase dependency