On December 04, 2013 00:33 (IST)
Iran will "immediately" export more crude oil once sanctions are lifted in the wake of the international deal to roll back its nuclear programme, the country's Oil Minister said on Tuesday.
On December 04, 2013 00:26 (IST)
With energy suppliers preferring Europe over Asia in offering favourable deals, India on Tuesday called large consumers in the region, like China, Japan and Korea, to forge an Asian buyers block to extract price discounts.
On November 30, 2013 20:09 (IST)
Indian Oil Corp (IOC) is planning to expand the capacity of its largest refinery at Panipat to 21 million tonnes, Oil Minister M Veerappa Moily has said.
On November 26, 2013 17:09 (IST)
Oil Minister M Veerappa Moily on Tuesday ruled out reversal of the decision to double natural gas prices from April 1 next year and said that the notification on this will be issued shortly.
On November 26, 2013 12:33 (IST)
Mukesh Ambani-owned RIL in May this year had announced a huge natural gas discovery, possibly the biggest find ever in the flagging eastern offshore KG-D6 block.
On November 20, 2013 15:48 (IST)
After more than a two-year hiatus, India will launch auction of oil and gas blocks in January as it looks to attract foreign investors to boost domestic production.
On November 20, 2013 14:48 (IST)
State-owned fuel retailers, who control 95 per cent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.
On November 08, 2013 21:50 (IST)
In a significant development, Oil Minister M Veerappa Moily is approaching Cabinet for grant of operational flexibility to help explorers like Reliance Industries and Cairn India start producing oil and gas from 62 discoveries that are mired in contr...
On November 06, 2013 17:07 (IST)
Oil Minister M Veerappa Moily has asked the Finance Ministry to cut duties on branded petrol and diesel, which offer better mileage and help curb fuel consumption.
On November 04, 2013 19:21 (IST)
After the success of pilot programmes in five metro cities, Oil Minister M Veerappa Moily on Monday allowed the sale of 5-kg cooking gas (LPG) cylinders at petrol pumps across the country.