'Oil Minister' - 446 News Result(s)

  • Oil Ministry Seeks Rs 15,000 Crore for Strategic Reserves
    Oil Ministry Seeks Rs 15,000 Crore for Strategic Reserves

    Strategic reserves are underground rock caverns used to store crude oil.

  • Indian Economy 'Relatively Unimpacted' by Global Crisis, Says Jaitley
    Indian Economy 'Relatively Unimpacted' by Global Crisis, Says Jaitley

    Amid global uncertainty, Finance Minister Arun Jaitley on Wednesday said it is important for India to emerge out of the crisis stronger as it is on a much higher and stabler footing than other nations.

  • India Needs to Be a Low Cost Hub for Make in India Success: Jaitley
    India Needs to Be a Low Cost Hub for Make in India Success: Jaitley

    Stressing on making the most of the favourable low commodity prices, Finance Minister Arun Jaitley on Saturday said the country will have to become a low cost manufacturing hub for success of the government's Make in India programme.

  • BPCL, Indian Oil, HPCL to Invest Rs 1.5 Lakh Crore to Set Up Biggest Refinery
    BPCL, Indian Oil, HPCL to Invest Rs 1.5 Lakh Crore to Set Up Biggest Refinery

    Public sector oil firms IOC, BPCL, HPCL and EIL will invest Rs 1.5 lakh crore in setting India's biggest refinery on the west coast, Oil Minister Dharmendra Pradhan said.

  • Oil Ministry Plans New LPG Connections on EMIs: Pradhan
    Oil Ministry Plans New LPG Connections on EMIs: Pradhan

    Targeting to add 10 crore new LPG connections in next three years, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Friday said oil marketing companies are mulling to sell new cooking gas on an EMI basis, just like for other consumer durables.

  • Jaitley Urges Indian Private Sector to Shed Caution and Invest
    Jaitley Urges Indian Private Sector to Shed Caution and Invest

    Urging private sector to give up caution and make investments, Finance Minister Arun Jaitley has said it has become absolutely imperative to add to the credibility of the Indian economy, with the world looking up to the country as a bright spot amid global headwinds.

  • Proposed OPEC Emergency Meeting May Hurt Market: Iran Oil Minister
    Proposed OPEC Emergency Meeting May Hurt Market: Iran Oil Minister

    Iran's oil minister on Friday said any emergency meeting of the Organization of Petroleum Exporting Countries (OPEC) would hurt the crude oil market if it made no decision to shore up falling prices.

  • Jaitley Prescribes Reforms Pill for India to Face Global Financial Gloom Fallout
    Jaitley Prescribes Reforms Pill for India to Face Global Financial Gloom Fallout

    The country can stand out in the gloomy global economic situation with headwinds from China and the US, if it continues with "reforms and responsible economic planning", Finance Minister Arun Jaitley on Friday said, expressing confidence the country will prove its resilience.

  • Sensex Gives Up Modi Momentum, Falls to 2014 Levels
    Sensex Gives Up Modi Momentum, Falls to 2014 Levels

    The Sensex sank over 550 points on Wednesday to slip below the psychological 24,000 mark for the first time since May 16, 2014, the day Prime Minister Narendra Modi led the BJP to a big win in the general elections.

  • India Will State Stand Before Relevant Authority: Jaitley on Cairn Case
    India Will State Stand Before Relevant Authority: Jaitley on Cairn Case

    The Indian government will "state its position" in the Cairn Energy tax dispute before the relevant legal authority, Finance Minister Arun Jaitley said here today after the British firm announced that it will seek from India over $1 billion in damages.

  • Iran to Boost Oil Exports After Sanctions: Report
    Iran to Boost Oil Exports After Sanctions: Report

    Iran is ready to increase its crude oil exports by 500,000 barrels a day, its deputy oil minister said on Sunday, hours after international sanctions on Tehran were lifted, removing an obstacle to exports.

  • Government Plans to Open 10,000 LPG Dealers in 2016: Oil Minister
    Government Plans to Open 10,000 LPG Dealers in 2016: Oil Minister

    The government has set an ambitious target of opening 10,000 new LPG dealerships in 2016 on top of around 16,000 existing dealers in the country.

  • Will Come Out With Alternative Disinvestment Plan Soon: Jaitley
    Will Come Out With Alternative Disinvestment Plan Soon: Jaitley

    The government will come out with an alternative strategy in 2-4 weeks to push PSU disinvestment in volatile markets, Finance Minister Arun Jaitley said on Friday.

  • Cairn Energy CEO Meets Arun Jaitley, Seeks Removal of Retrospective Tax Law
    Cairn Energy CEO Meets Arun Jaitley, Seeks Removal of Retrospective Tax Law

    Slapped with Rs 10,247-crore tax assessment using the retrospective tax legislation, British oil major Cairn Energy plc has asked Finance Minister Arun Jaitley to do away with the legislation in the Budget next month so as to restore faith of international investors in India.

  • Oil Price Fall a Chance to Enhance Energy Security: Petroleum Minister
    Oil Price Fall a Chance to Enhance Energy Security: Petroleum Minister

    The government sees the current slump in oil prices as an opportunity to enhance the country's energy security, and it has told state-owned companies in the sector to aggressively scout for acquisition of assets overseas, Petroleum Minister Dharmendra Pradhan has said.

  • OVL, Rosneft Sign Vankor Oil Field Deal
    OVL, Rosneft Sign Vankor Oil Field Deal

    A deal to allow ONGC Videsh Limited to pick up 15 per cent stake in Russia's second biggest oil field of Vankorneft and three other major pacts between Indian and Russian companies in oil and gas sector have been struck during Prime Minister Narendra Modi's visit here which is expected to boost bilateral trade significantly.

  • Cairn Energy Writes to PM Modi on Retrospective Tax Case
    Cairn Energy Writes to PM Modi on Retrospective Tax Case

    British oil firm Cairn Energy Plc has written to Prime Minister Narendra Modi seeking clarity on its Rs 10,247 crore retrospective tax dispute in light of his statement that the government will not resort to retrospective taxation.

  • Lower Inflation Result of Reforms, Global Oil Prices: Finance Minister
    Lower Inflation Result of Reforms, Global Oil Prices: Finance Minister

    A host of factors, including reform measures taken by the government, and decline in global oil and commodity prices have led to lower inflation, the Ministry of Finance said on Wednesday.

  • Arun Jaitley Explains Why Petrol, Diesel Prices Are Not Falling Fast Enough
    Arun Jaitley Explains Why Petrol, Diesel Prices Are Not Falling Fast Enough

    Finance Minister Arun Jaitley on Wednesday explained the rationale for not passing the full benefits of the slump in global crude oil prices to domestic consumers. The drop in domestic fuel prices has not kept pace with the slump in global Brent crude oil, which is trading at an 11-year low below $40 per barrel.

  • Petroleum Minister Favours Reduction in  Cess on Crude Oil
    Petroleum Minister Favours Reduction in Cess on Crude Oil

    The Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been seeking since the steep fall in crude prices beginning June 2014, Petroleum Minister Dharmendra Pradhan said.

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