Archives for Oil and Gas
Prime Minister Narendra Modi will inaugurate the ministerial to be held from April 10 to 12. China and South Korea are the co-hosts.
India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for about 40-50 percent of the pump prices.
India wants to build bigger oil companies to better compete with global energy giants and withstand oil price volatility through integration of state-run oil firms.
IEF, comprising 72 member countries, is one of the biggest global forum of oil and gas producers and is currently headed by Saudi Arabia.
ONGC owns , and HPCL in MRPL, which runs a 15 million tonne refinery and petrochemical unit in Karnataka.
ONGC chairman Shashi Shanker said his firm didn’t plan to bring about any “major change” in the functioning of HPCL following the takeover, since the latter is a “well-run company”.
The Petroleum Conservation Research Association (PCRA) and the Indore Cycling Association (ICA) claimed that nearly 30,000 cyclists participated in the event.
The earlier policy of North East Industrial and Investment Promotion Policy (NEIIPP), 2007 has expired.