Prime Minister Manmohan Singh has asked the Planning Commission to organise the fourth clean energy ministerial on April 17-18.
The Vijay Kelkar committee, which has recommended ways to substantially reduce India’s energy import dependency by 2030, has invited comments from stakeholders on this matter by Apr 19.
Indian Oil Corp’s most modern refinery, the 15-million tonnes Paradip plant will be unviable if the govt changes the pricing mechanism.
India to provide special fund to insure public and private refineries as global re-insurers refuse to cover Indian companies due of sanctions against Iran.
Bulk sales of diesel have fallen drastically since the price of the fuel for non-retail buyers was raised to market levels in January.
CAG begins audit on govt’s role in fixing oil and gas prices, particularly from Reliance Industries, to various consumers with an aim to ascertain the implications on the exchequer.
The move is expected to generate strong resistance from fertilizer units and their ministry, which want more of the scarce natural resource for the benefit of farmers.
Top private energy firms have been let down by the Budget, as no concrete steps have been announced to stimulate investment after two years of policy uncertainty.
Iranian firm Naftiran Intertrade Company Ltd has 15.4% ownership of CPCL, where IOC holds 51.9% stake and balance is with financial institutions.
'The decision of ONGC to participate or not in exploration will have no impact on the exploration programme.'
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