To restore investors' confidence in oil and gas sector Union Petroleum Minister Veerappa Moily will meet investment bankers and top industry executives in Mumbai next week. The meet has been schedule before launching the tenth bidding round of exploration blocks.
Tag: Veerappa Moily
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Moily says gas price hike key for tapping new reserves
Union Minister for Petroleum and Natural Gas Marpadi Veerappa Moily has said that due to the increase in gas price, new hydrocarbon blocks in Tripura and Cauvery basin will become commercially viable. Even the Directorate General of Hydrocarbons has said that a price of more than $4.2 per million British thermal unit (mBtu) was required to make some of the gas discoveries commercially viable. These reserves are currently lying untapped due to the current gas price of $4.20 per million British th
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Russian firm invites ONGC for joint role in Magadan blocks
Russia's Rosneft has invited the overseas investment arm of India's state-run Oil and Natural Gas Corp to jointly explore two blocks in the Sea of Okhotsk, Indian Oil Minister Veerappa Moily said last week.
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Centre plans debt restructuring for discoms
The Union Government has favoured rolling out restructuring package for power distribution companies (discoms).