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Meeting of the Petroleum Minister with his counterparts at the 6th OPEC...
The Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan met his counterparts from Russia, Saudi Arabia, Iran, Qatar, Kuwait, Iraq, UAE, Angola and Venezuela on the margins...
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New amalgamated entity – Gujarat Gas Limited
Gujarat Gas Limited emerges as India’s largest City Gas Distribution player Aiming to make ‘Green India’, Gujarat Gas Limited to expand its operations in city gas distribution sector in other states...
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SPCPL deploys 2nd FPSO vessel for ONGC field
L to R – Hon. Minister Dharmendra Pradhan, Shri U P Singh Secretary (Exploration) Ministry of Petroleum & Natural Gas, Mr. Ravi Shankar CEO SP Oil and Gas, Mr. Jai Mavani Executive Director SP...
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Essel group signs agreement to invest in African oil and gas
Essel Group Middle East, has signed an Agreement to invest into Simba’s exploration assets to earn 60% participating interest in the portfolio of the African oil and gas exploration projects owned by...
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We have extremely friendly relations with Kazakhstan: Pradhan
Addressing Vladimir Shkolnik, Minister of Energy of Republic of Kazakhstan, media personnels, Minister of State (I/C) for Petroleum and Natural Gas Dharmendra Pradhan concluded the 12th Meeting of the...
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OVL seeks financial autonomy to invest $1 bn
To decide on investments of up to USD 1 billion (about Rs 6400 crore) without government nod, State owned ONGC Videsh Ltd (OVL) has sought after greater financial autonomy, so as to speed up...
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GP Petroleum partners with Respol to launch lubricant range
GP Petroleums Ltd has formed a strategic partnership with the Spanish company “Repsol” to exclusively manufacture and market latter’s premium quality lubricants in India. “With the tie-up with Repsol,...
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BPCL to go ahead with Bina expansion sans Oman Oil Co
Bharat Petroleum Corp Ltd has decided to fund the Rs 20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own after the reluctance of Oman Oil company to put more money. India’s 2nd...
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Carlyle Group to invest $500 million in Magna Energy
US-based private equity firm Carlyle Group has committed to invest $ 500 million in Magna Evergy Ltd, an India-focused oil firm. The firm was founded by Mike Watts, a pioneer in the industry who found...
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Rosneft to buy 49% in Essar refinery, inks supply pact
It also proposes increasing the number of Essar’s fuel retailing chains in India from the current 1,600 to 5,000 in two years. Russia’s top oil producer Rosneft has inked a preliminary agreement with...
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MRPL to acquire Rs 6,400cr petrochemical plant in Karnataka
Mangalore Refinery and Petrochemicals Ltd (MRPL) will take over a USD 1 billion petrochemical plant adjacent to its refinery in Karnataka in an all share deal. MRPL had recently raised its stake in...
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GAIL sells 2 million tonnes US LNG abroad
GAIL has signed a contract to buy 3.5 million tonnes of LNG per year for 20 years from the US-based Cheniere Energy State-run gas utility GAIL India Ltd has sold overseas two million tonnes of...
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India to gain from oil price fall post-Iran deal: Pradhan
International oil prices will come down with the imminent lifting of sanctions against Iran and benefit India, said Petroleum Minister Dharmendra Pradhan. “With Iran coming to market, the assumption...
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Petroleum Minister Gives PetroFed Awards
Union Minister of State (I/C) for Petroleum & Natural Gas, Dharmendra Pradhan presented the annual PetroFed Oil & Gas Industry Awards for 2014 for excellence in performance in various...
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GAIL to swap US LNG, issue tender next month
To trade in LNG on spot and short-term basis, GAIL had opened its LNG trading desk in Singapore in 2011 through its subsidiary in Singapore. State-run gas utility GAIL India plans to swap over...
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RIL to relinquish two gas discoveries off east coast
Reliance Industries (RIL) has decided to relinquish two gas discoveries off the east coast and opted to carry out government prescribed confirmation tests to retain three other finds. Accepting a...
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IOC to invest Rs 1,000 cr to raise stake in CPCL
State-run Indian Oil Corp will invest Rs 1,000 crore for raising stake in Chennai Petroleum Corporation Ltd by subscribing to preferential issue. Shareholders of CPCL have decided to increase...
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ONGC to invest $8.8 bn in KG oil and gas finds
State-run Oil and Natural Gas Corp (ONGC) plans to invest over USD 8.8 billion in bringing to production its much-touted KG-basin oil and gas discoveries by 2018-19. ONGC has divided 12 oil and gas...
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BPCL buys first shipment of Russian Far East crude grade
Indian refiner Bharat Petroleum Corp Ltd is set to import a rare cargo of Sokol crude from Russia’s Far East as it takes advantage of a regional glut to secure cheaper oil. BPCL bought 1 million...
View ArticlePradhan presents Oil Industry Safety Awards 2013-14
“Oil Industry Safety Awards” for the year 2013-14 were presented by, the Minister of State (I/C) for Petroleum & Natural Gas, Dharmendra Pradhan to the Chief Executives of the Winning Oil & Gas...
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