'Oil Minister' - 414 News Result(s)

  • Savings on Oil Will Help in Funding Social Security Schemes: Jaitley
    Savings on Oil Will Help in Funding Social Security Schemes: Jaitley

    Global oil prices slumping to six year lows and the accompanying fall in commodity prices will help India save money on its import bill that can be used to fund social security schemes as well as for infrastructure building, Finance Minister Arun Jaitley said on Friday.

  • Petroleum Minister Wants 'Reasonable' Oil Deals
    Petroleum Minister Wants 'Reasonable' Oil Deals

    Oil minister Dharmendra Pradhan on Wednesday said he expects a "reasonable" price of crude oil from selling countries, in a sign the government is looking to leverage its position as a big buyer to negotiate deals in an oversupplied market.

  • PM Modi to Bet Rs 10,000 Cr on Palm Oil Plan as Imports Surge: Report
    PM Modi to Bet Rs 10,000 Cr on Palm Oil Plan as Imports Surge: Report

    The government plans to spend $1.5 billion (Rs 10,000 crore) in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils this decade.

  • UAE Open to Meeting Indian Oil Demand
    UAE Open to Meeting Indian Oil Demand

    The United Arab Emirates (UAE) is open to meeting any demand for oil from India, the Gulf OPEC (Organization of Petroleum Exporting Countries) member's economy minister Sultan bin Saeed al-Mansouri told Reuters on Monday.

  • Government to Announce New Gas Price Formula for 'Difficult Fields': Oil Minister
    Government to Announce New Gas Price Formula for 'Difficult Fields': Oil Minister

    Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said on Monday.

  • Government Caps Kerosene Subsidy at Rs 12/Litre, LPG at Rs 18/Kg
    Government Caps Kerosene Subsidy at Rs 12/Litre, LPG at Rs 18/Kg

    The government has capped the subsidy payout on kerosene at Rs 12 per litre and domestic cooking gas (LPG) at Rs 18 per kg, Oil Minister Dharmendra Pradhan said on Monday.

  • Government Recovers Rs 368 Cr Additional Profit From Reliance Industries
    Government Recovers Rs 368 Cr Additional Profit From Reliance Industries

    Government has recovered nearly a third of the $195.34 million additional profit it is claiming from Reliance Industries' KG-D6 field as a result of penalty imposed for gas output lagging targets, Oil Minister Dharmendra Pradhan said on Monday.

  • Oil Imports From Saudi Arabia Down 8% in FY15: Minister
    Oil Imports From Saudi Arabia Down 8% in FY15: Minister

    India has cut crude oil imports from its top supplier Saudi Arabia by over 8 per cent in 2014-15 as it raised purchases from Africa and Latin America in an apparent bid to cut reliance on the volatile Middle East.

  • BP Seeks Higher Gas Price for Undeveloped Discoveries: Report
    BP Seeks Higher Gas Price for Undeveloped Discoveries: Report

    BP chief executive Bob Dudley on Tuesday met Prime Minister Narendra Modi, first since the BJP-led government stormed to power last May, and followed it up with a meeting with Oil Minister Dharmendra Pradhan on Wednesday morning.

  • Government Targets to Reach 1 Crore PNG Connections in 2 Years
    Government Targets to Reach 1 Crore PNG Connections in 2 Years

    As many as 26.7 lakh households currently use gas received from pipeline in kitchen. "We are targeting 1 crore piped natural gas (PNG) connections in two years," Oil Minister Dharmendra Pradhan said at a Bio-Fuel Conference here.

  • IOC Commissions Oil Jetty at Paradip Refinery
    IOC Commissions Oil Jetty at Paradip Refinery

    The South Oil Jetty, which will be used to import and export of oil at high sea, was dedicated to the nation by Shipping and Road Transport Minister Nitin Gadkari at Paradip, a company press release said here.

  • India Looking to Import LNG from Canada
    India Looking to Import LNG from Canada

    Oil Minister Dharmendra Pradhan met Canadian Minister for Natural Resources Greg Rickford at the second India-Canada Ministerial Energy Dialogue in Calgary to discuss enhancing energy cooperation between the two countries.

  • Oil Minister to Lead Delegation on Energy Dialogue with Canada
    Oil Minister to Lead Delegation on Energy Dialogue with Canada

    Oil Minister Dharmendra Pradhan will lead an Indian delegation for bilateral energy dialogue with Canada.

  • Government Seeks Legal Advisers to sell Oil India, Engineers India Stakes
    Government Seeks Legal Advisers to sell Oil India, Engineers India Stakes

    Finance Minister Arun Jaitley has set a target of raising about Rs 69,500 crore by selling shares in state-run companies and minority holdings in private companies this fiscal year.

  • Government to Auction Oil and Gas Blocks in FY16
    Government to Auction Oil and Gas Blocks in FY16

    The next round of auction of oil and gas blocks under the New Exploration Licensing Policy (NELP) will be held by the end of fiscal year 2015-16, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Friday.

  • Government Seeks to Use India's Oil Thirst to Drive Bargains
    Government Seeks to Use India's Oil Thirst to Drive Bargains

    The oil ministry is moving beyond seeking additional barrels for import in talks with exporters. Now, the energy-deficient country wants to use its thirst for oil as a weapon to broker deals to help strengthen its economy and create jobs, Oil Minister Dharmendra Pradhan told Reuters in an interview.

  • Direct Transfer of Kerosene Subsidy to Start From This Fiscal: Oil Minister
    Direct Transfer of Kerosene Subsidy to Start From This Fiscal: Oil Minister

    The government has saved Rs 10,000 crore subsidy outgo on cooking gas through a similar scheme, which it says has knocked off about 40 million illegal consumers from the system.

  • Oil Minister Met Cairn India Leadership Over Vedanta Merger
    Oil Minister Met Cairn India Leadership Over Vedanta Merger

    Vedanta earlier this week signalled it was considering a merger, a move that would it to repay a hefty group burden with the help of cash-generating Cairn.

  • Government to Start Filling Strategic Oil Reserve This Month
    Government to Start Filling Strategic Oil Reserve This Month

    The government will start keeping a strategic oil reserve from this month, which would be located at Visakhapatnam in Andhra Pradesh, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Monday.

  • Saudi Oil Minister Sees Eventual End of Fossil Fuels
    Saudi Oil Minister Sees Eventual End of Fossil Fuels

    Saudi oil minister Ali Al-Naimi said on Thursday that the kingdom envisaged the fact that fossil fuels could become unnecessary before the middle of the century and was investing in renewable energy for that reason.

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