Investment worth $25 bn soon in oil and gas sector: Pradhan
The Dollar Business Bureau The Petroleum and Natural Gas Minister Dharmendra Pradhan said on Friday that there will a huge investment in the oil and gas sector worth $25 billion is on the anvil. Pradhan expressed great optimism about the opportunities for investment in the sector. There will soon be “investment worth $25 billion in the petroleum sector in which oil and gas exploration companies like Cairn India will play a big role,” he told reporters in Dehradun. In a reply to the question on volatile global oil prices, he said that the firms reposition themselves in line with the fluctuating prices of crude oil in the global market. Pradhan further said he doesn’t think that fluctuating prices of crude oil should be of ...
Centre to explore ways to use alternate fuel
The Dollar Business Bureau The government will formulate a new policy to check carbon emission from increasing number of vehicles and explore ways to use alternate fuel. An expert committee, which was formed to draft Auto Fuel Vision and Policy 2025, has suggested measures to improve auto fuel quality, cut emission from vehicles and availability of fuels, Minister of State, Petroleum and Natural Gas, Dharmendra Pradhan told Lok Sabha on Monday. The committee under the chairmanship of Soumitra Choudhuri, member of Planning Commission, has also recommended suitable mix of auto fuels including gas and its specifications. The panel has made various recommendations including a roadmap for phased introduction of BS-IV and BS-V auto fuels in the entire country. As ...
