Government and industry officials say crude imports from Iran has been smooth as payments being made via Turkey.
The meeting has been re-scheduled due to unavailability of some of the MC members, they said. Earlier, the meeting was expected on Thursday.
ONGC chairman & managing director Sudhir Vasudeva presented a cheque of Rs 3,964.35 crore as an interim dividend to oil minister Jaipal Reddy on Tuesday.
ONGC's gas find in the K-G basin, adjoining Reliance's D6 block, is economically viable at the current market price of $4.20 per unit, officials said.
Cairn and Vedanta Resources may have jumped the gun in concluding the $8.5-billion deal before they received the government’s formal approval.
The government will soon sign an amended contract with BP, RIL's minority partner in 21 blocks, as it has received a clean chit from the DGH.
Anil Ambani-promoted Reliance Power and energy giant Shell are in talks to jointly set up India's first east-coast LNG terminal.
IGL has, however, spared the household consumers using piped natural gas (PNG).
State-run oil firms plan to raise petrol prices by about Rs 2.25 a litre from Sunday unless the government asks them to defer the move.
7 cities where fuel of Euro-III specifications will be phased out are: Puducherry, Mathura, Vapi, Jamnagar, Ankaleshwar, Hissar and Bharatpur.
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