Search Result for : Dharmendra Pradhan

The Dollar Business Bureau Petroleum and Natural Gas Minister Dharmendra Pradhan said on Wednesday that biofuels has the business potential worth Rs.1 lakh crore in the ‘waste-to-wealth’ sector, while adding that there are challenges in encouraging advanced biofuels. Pradhan also stressed on the importance of research for promoting the use of biofuels in the country. “While there are challenges in promoting advanced biofuels but it also offers business opportunities worth Rs.1 lakh crore in the ‘waste to wealth’ sector,” he said, while delivering the inaugural speech at the “EU-India Conference on Advanced Biofuels”, jointly organised by the Ministry of Petroleum and Natural Gas and European Commission’s Directorate-General for Energy. The Minister emphasised on the need for synergies to enable industrialisation of biofuels so that there are economies ...

The Dollar Business Bureau Highlighting the arrival of two shipments of crude oil from the US, Petroleum and Natural Gas Minister Dharmendra Pradhan said on Sunday that the country is emphasising on diversifying its sources for crude oil supply and tapping new markets. The two shipments of 1.6 million barrels of American crude oil were landed at the Paradip Port, Odisha on October 2. “India is putting a lot of emphasis on diversifying its crude oil supply sources and tapping new supply source,” Pradhan said in a meeting with OPEC’s Secretary General, Sanusi Mohammad Barkindo, who is in India for attending the first CERAWEEK India Energy Forum. The three public sector refineries of India have already put a cumulative order of about 7.85 million ...

The Dollar Business Bureau ONGC, India’s state run oil and natural gas corporation is planning to bid to explore the Israeli oil and gas blocks. This was revealed to the media by the Oil minister, Dharmendra Pradhan today. This could be the first major deal between the two countries. Dharmendra Pradhan had met his Israeli counterpart Yuval Steinitz on the sidelines of the World Petroleum Congress soon after after Prime Minister Modi visited Israel and signed trade deals worth billions of dollars. Israel had issued tenders last year calling for licences to drill 24 blocs of upto 400 square kilometres in size and Indian energy companies like ONGC had announced their participation. According to an evaluation released by the Israeli Ministry of Energy, the Levant ...

The Dollar Business Bureau  The Government plans to unveil a new policy for promoting the use of biofuels in the transport that will help in catalyzing about Rs.1 lakh crore of investment in the whole value chain, Oil and Petroleum Minister Dharmendra Pradhan said on Thursday.  India has to import around 80% of crude oil to meet its requirements and use of biofuels produced from non-edible oils help the country in meeting its target of cutting down the imports by 10% by 2022, Pradhan said at an event organised to mark ‘World Biofuel Day’.  The top three state-run oil companies of India Bharat Petroleum Corp Ltd (BPCL), Indian Oil Corp (IOC) and Hindustan Petroleum Corp Ltd (HPCL) have pledged $2 billion investment for carrying ...

The Dollar Business Bureau The Minister of Petroleum and Natural gas Dharmendra Pradhan said that his Ministry has taken up with the Government of Bangladesh for laying a pipeline carrying natural gas from Chittagong to Tripura to address the cooking gas shortage of the North East. In his response to the media in which he revealed the intentions of the Indian government, he said, “We are laying a pipeline for transportation of diesel from Siliguri in West Bengal to Parvatipur in Bangladesh. There is pipeline for carrying diesel from Numaligarh oil refinery in Assam to Siliguri. In exchange, we have given the proposal for a gas pipeline from Chittagong to Tripura. We are pursuing the matter diplomatically and I would also visit ...

The Dollar Business Bureau India plans to double its natural gas pipeline network to around 30,000 km in the coming 3-4 years as part of the strategy to move to a gas-based economy in order to reduce greenhouse emissions and the dependence on imports for oil, said Petroleum and Natural Gas Minister Dharmendra Pradhan. Also, the country plans to bring in more reforms in the sector and will create a gas trading hub to support better prices for both domestic and imported fuel, said Pradhan. “We are completing a 30,000 km national gas grid in coming years. We can proudly claim that we have not only brought in policy reforms, but also implemented them,” he said while speaking at a session at the ...

The Dollar Business Bureau India on Monday once again asked the Organisation of Petroleum Exporting Countries (OPEC) to end charging premium from its buyers from Asia and said that the producers would not subsidise other buyers at the expense of nations like India. Restating India’s demand for long, Oil Minister Dharmendra Pradhan said that the oil cartel OPEC should have to work towards a ‘responsible price’ that would allow key consuming nations to offer energy to their common people. High prices of oil will force these countries to opt for alternate sources of energy which would slow down the crude oil demand, Pradhan said while addressing the 2nd high-level meeting of OPEC-India Energy Dialogue in Vienna. “During my last visit to Vienna for the ...

The Dollar Business Bureau A Joint review meeting on revival plans for closed fertilizer projects was held today, to realise PM Narendra Modi's vision of ‘Fertilizer Security for Food Security'.  The two-pronged strategy includes existing fertilizer capacity augmentation by increasing the efficiency of the plants and revival of closed fertilizer projects. "With the revival of the fertilizer projects, Gorakhpur, Barauni, Sindri and Talcher, an additional annual production capacity of 75 LMT would be created making India self-reliant in meeting the annual domestic demand of around 320 LMT, from being a net importer currently," Ananthkumar, Union Minister for Chemicals & Fertilizers and Parliamentary Affairs said, after the meeting. "Financial allocations and the ground level work would start in 2017 and the five plants would become fully functional by 2020-21," he added. Through optimum utilisation of existing capacity, India ...