The oil and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption.
The government has decided to appoint a new Director General of Hydrocarbons, ending the nine-month experiment of having an IAS officer in charge of the technical arm of the ministry.
“India is keen on stakes in Turkmenistan’s upstream assets. If it can offer stakes to China, it can also make exception for us,”
Andhra Pradesh power consumers, are queuing up to buy power at tariffs of Rs 11 per unit under an ‘expensive power’ scheme.
The Director General of Hydrocarbons (DGH) has refused to issue approval letters for the block’s work plans and budget since 2010-11.
Reliance Industries and Essar Oil are gearing up to cater to the lucrative bulk-sales market for diesel, where the government has allowed free-market pricing.
The US does not allow export of gas to a country, with which it does not have a free trade agreement (FTA).
The committee, headed by the prime minister, has asked the oil and defence ministries to come up with a solution within one month for seven blocks and three months for the rest of the blocks.
“It appears that this action of the state government of Nagaland is ultra vires of the Constitution,” director general of hydrocarbons RN Choubey said.
“We have an intelligence report that Hazira fire could have been avoided if security drills were followed properly,"
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