Search Result for : Oil Natural Gas

The Dollar Business Bureau (Sourced from PIB) An online portal for facilitating trade between India and Iran was launched today by Dr. Inder Jit Singh, Additional Secretary, Department of Commerce in the presence of H.E. Gholamreza Ansari, Ambassador of Islamic Republic of Iran, Khaleel Rahim, CMD, STC, and other Directors of STC. The Hind-Iran portal (hindirantrade.org) is a joint initiative of STC and Douman Queshm, Iran. The objective of the trade portal is to disseminate information relevant to Indo-Iran Trade, and to provide an e-marketplace for the buyers and sellers of the two countries. Addressing the gathering at the event, Khaleel Rahim said that Iran and India have enjoyed deep social, cultural, economic and political connections and relations that have enriched both countries. ...

Punj Llyod bags major projects being offered by the Oman Oil Refineries and the Petroleum Industries Company (Orpic) and Oman Gas Company (OGC), owned by the Government of the Sultanate of Oman and the Oman Oil Company The Dollar Business Bureau Punj Lloyd is the only Indian contractor in Oman to be awarded a sizable contract of the Liwa Plastic Industries Complex (LPIC)   India-based engineering and construction major Punj Llyod, on Tuesday, announced winning Engineering, Procurement and Construction (EPC) orders worth Rs. 2,070 crore, related to the oil & gas sector. The projects are offered by Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC), which are owned by the Government of the Sultanate of Oman and Oman ...

The Dollar Business Bureau    India, the net importer of crude oil, looks to explore opportunities to boost trade and investment in the hydrocarbon-rich Africa to tap the unexplored resources of the continent to meet its fuel demand. With an aim to create greater cooperation, New Delhi is hosting the 4th India Africa Hydrocarbon Conference (IAHC) on January 21-22, which will provide a global forum for energy ministers and delegates of African nations to chart out the road map for extended energy cooperation with India. “It is a continuation of the discussion revolving around synergies between India and Africa and will strengthen the ties between the two. The partnership would enable India to enhance its energy security while nurturing Africa’s hydrocarbon’s ...

The Petroleum Ministry will hold a meeting with chief secretaries of all north east states to finalize a hydrocarbon vision for the region. The Dollar Business Bureau One of the biggest challenges for the NE oil industry is to arrest the natural decline in production, which needs a state-of-the-art technology, says Ved Prakash Mahawar, Director (Onshore), ONGC Ltd   The government is working on a special policy which is expected to boost investment in the oil and gas sector in the northeastern part of the country, a top official of the Petroleum Ministry said. Keeping in view the challenges being faced by the oil and gas sector in the north east, the ministry will hold a consultative meeting with chief secretaries of all north ...

The Dollar Business Bureau India’s crude oil import dependence based on the domestic consumption of petroleum products was 78.4% during 2014-15. This was informed by the Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan, in a written reply to the Rajya Sabha on Wednesday, as he also mentioned a need to cut crude oil imports. The Minister further informed that the dependence on crude oil imports is the result of an inter-play of several factors like success in new production of crude oil, successful acquisition of assets or equity oil abroad, success in conservation efforts, among others. He further informed that the production of the state-run oil companies remained stagnant over the last few years. While the production of ...