"We charge a very small amount for undertaking various gas marketing activities which is not only confined to identifying customers for gas," Tripathi told ET.
Over 60% of its officials, mostly engineers and scientists from state-run oil companies, want to return to their respective organisations.
Oil Min to decide on Reliance Industries $1.52-bn plan for KG-D6 satellite fields, plan to help RIL reverse decline in output
Stung by recent CAG report pointing at slackness in its overseer role, DGH is being extremely cautious about RIL plan for KG-D6 satellite fields.
Govt plans to strictly enforce its plan to cut the $9-bn subsidy on kerosene and cooking gas, and will penalise states that oppose reform.
Oil ministry is expected to approve Cairn India's proposal to start pumping crude oil from the Bhagyam field
The oil ministry is expected to soon approve Cairn India's proposal to start pumping crude oil from the Bhagyam field.
Govt sees no merit in CAG’s charge of irregularities in its dealings with RIL but is sympathetic to auditor’s suggestions on better enforcement of contracts and strengthening the oil ministry’s technical arm, the directorate general of hydrocarbons.
As per Nelp, private firms take total risk. Their entire investment is gone if they don’t make any commercially viable discoveries.
Hardy has been forced to stop crude oil production at its Cauvery basin block because the Oil Ministry has refused to extend a key contract.
Rajkumar Ghosh has taken over as director-refineries of state-run Indian Oil Corp (IOC) after BN Bankapur superannuated on August 31.
The government's biggest concern at this moment is to provide adequate cash compensation to state-run oil marketing companies.
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