India has discussed ways to recover over $600 million of past dues from Venezuela including recouping it from payments for oil it imports from the Latin American nation. ONGC Videsh Ltd owns 40 per cent of the San Cristobal oilfield but has not been paid for its share of oil sales for the last couple of years.
Tag: Dharmendra Pradhan
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Four natural gas processing terminals to come up
The Petroleum Ministry will set up four new terminals with a capacity of 50 million tonnes across the country for processing and supply of natural gas to ensure better availability of the gas to the industries, Dharmendra Pradhan, Minister of State (independent charge) for Petroleum and Gas has said.
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India, US sign bilateral agreement for hydrocarbon
The Indian government has signed a three-point bilateral agreement with the US government aiming to harness new technologies in the hydrocarbon sector. The agreement was signed between Oil Minister Dharmendra Pradhan and US Secretary of Energy Dr Ernest Moniz in Washington.
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Make in India Exhibition extravaganza
The first Make In India Week was held in Mumbai and was the biggest ever show of the country´s manufacturing prowess. With a business commitment of Rs.15.20 lakh crore in investments, the Make In India
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India´s oil demand to be highest: IEA
According to the IEA´s World Energy Outlook-2015 report, India´s oil demand is projected to grow by 6 mln barrels per day (mb/d) from 3.8 mb/d in 2014 to 9.8 mb/d by 2040.
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Strategic petroleum caverns to be ready by May
The Indian Strategic Petroleum Reserve Ltd (ISPRL) will complete construction of the caverns in Mangaluru and Padur by March and May 2016 respectively.
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Odisha wants review of MoU with IOCL
Fearing national loss of revenue due to tax concessions given to Paradip refinery of Indian Oil Corporation (IOCL), the Odisha Government has sought review of the MoU with the company.
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Will protect ONGC´s interest in row: Pradhan
Oil Minister Dharmendra Pradhan has vowed to protect government and ONGC´s interest on the issue of its natural gas from Bay of Bengal
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Oil & gas block auction policy to be ready by FY16: Pradhan
Government expects to finalise the new policy for auction of oil and gas blocks during the ongoing financial year, Oil Minister Dharmendra Pradhan said.
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Oil Ministry to ready road map for sector´s infra
With India´s demand for petroleum products poised to grow at more than three per cent annually and the country expected to see average annual GDP growth of 8-8.5 per cent