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Centre Defends Ethanol Blending Programme Amid Mileage Concerns; Highlights $16.5 Billion Forex Savings

Centre Defends Ethanol Blending Programme Amid Mileage Concerns; Highlights $16.5 Billion Forex Savings

Despite ethanol now costing more than refined petrol, oil marketing companies continue blending it into fuel, citing long-term gains in energy security, rural incomes, and environmental sustainability, according to the ministry. Amid growing public debate over the impact of 20 per cent ethanol-blended petrol (E20) on vehicle mileage and engine life, the Ministry of Petroleum...

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CBM producers to bring down price

CBM producers to bring down price

The Ministry of Petroleum and Natural Gas has decided to go for a uniform gas price for all the gas producers in India once the new pricing under Rangarajan formulae comes into effect post elections.

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Ministries take efforts to clear blocks

Ministries take efforts to clear blocks

Union ministry of defence and the ministry of petroleum are taking efforts to arrive at a workable solution in respect of granting security clearance to the "No Go" blocks, a joint report by the ministries said. Both the ministries are taking efforts keeping in mind the best practices in other countries as well as options for appropriate ring-fencing and a coordinated mech

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Contract opportunities in OIL India

Contract opportunities in OIL India

Oil India (OIL) is a premier state-run company under the administrative control of Ministry of Petroleum and Natural Gas in the central government. The company is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. For the quarter ending September 30, 2012, the company's net profit declined 16 per cent to Rs 954.57 crore from the year-ago period.