Search Result for : Petroleum Minister

The Dollar Business Bureau  The Minister of State (I/C) for Petroleum & Natural Gas, Dharmendra Pradhan held a meeting with Nigerian Minister of State for Petroleum Dr. Emmanuel Ibe Kachikwu, who is on three-day official visit to India. The discussion, which took place in New Delhi. primarily focussed on the involvement of the two countries in the hydrocarbon sector. The meeting observed the extensive trading India does with Nigeria in the form of huge crude oil imports from the African country. It was noted that India imported nearly 23.7 MMT of crude (nearly 12% of India overall imports) and over 2 MMTPA of LNG from Nigeria in 2015-16. The Indian minister also thanked his Nigerian counterpart for the contracts given to Indian public sector ...

The Dollar Business Bureau In a bid to take forward the Jagadishpur-Haldia-Bokaro-Dhamra gas pipeline (JHBDPL) project, GAIL (India) Limited has approved the placement orders for the laying work of 345-km section extending from Phulpur to Dobhi at an estimated cost of Rs.306 crore. The project, slated to begin by October-end and targeted to be completed by December 2018, will be simultaneously executed by JSIW Infrastructure Pvt Ltd and IL&FS Engineering & Construction Co Ltd under two different sections. The plan will be supported with a capital grant of 40 percent or Rs.5,176 crore, to be used over a period of five years. The amount has been duly approved by the Cabinet Committee on Economic Affairs (CCEA) as a first-time incident of the Centre releasing funds ...

The Hydrocarbon Vision 2030 for Northeast India sets a goal to increase production of oil and natural gas by two times. Sources: PTI Petroleum Minister Dharmendra Pradhan said that the Northeast region has enormous potential in the oil and gas sector.The Centre on Tuesday announced plans to double the output of oil and natural gas in North East at an investment of Rs.1,30,000 crore over the next 15 years. Releasing the Hydrocarbon Vision 2030 for Northeast India, Petroleum Minister Dharmendra Pradhan said that the region has enormous potential in the oil and gas sector. Under the leadership of Prime Minister Narendra Modi, we decided to prepare a separate vision document for the North East to take the region forward. The entire region has ...

The Dollar Business Bureau The report also projects that India’s oil import dependence will increase above 90% by 2040   Pledging to make India’s oil and gas sector transparent and attractive for foreign investors, Petroleum Minister Dharmendra Pradhan on Friday said the government was in the process of reducing its import for domestic energy requirement by 10% in the next 6-7 years. “...we want to cut down India’s import dependence for domestic energy needs by 10% in the next 6-7 years. We are keen to make India’s oil and gas sector fair, transparent and attractive for domestic and foreign investors through appropriate policy, regulatory and fiscal interventions” the minister said at the launch of the India Energy Outlook by the International ...

The Dollar Business Bureau The Union Minister for Railways Suresh Prabhakar Prabhu addressing the inauguration session of the Bio-Energy Summit 2015’, in New Delhi on November 17, 2015. The Minister of State for Petroleum and Natural Gas Dharmendra Pradhan is also seen.   Bio-energy solutions can be a huge boost to the Indian economy, given they are produced in an economically and sustainable manner, Railway Minister Suresh Prabhu said, as he pitched for an alternative growth and development model for the Indian Railways. Speaking at the ‘Bio-Energy Summit’, organised by the Confederation of Indian Industry (CII), Prabhu stressed that the Indian Railways have already taken several steps to reduce its carbon footprints and are aggressively moving towards using renewable energy resources in ...

The Dollar Business Bureau Seeking for a “stable” global oil market, India has asked petroleum exporting countries to work out “a responsible and reasonable pricing” system and ensure that the fiscal position of importing countries should not be “unduly stretched”. Addressing the 6th Asian Ministerial Energy Roundtable in Doha, Qatar, Petroleum Minister Dharmendra Pradhan said that affordable energy is the key to ensure inclusive growth. “I believe that an opportune time has now come when this “energy poverty” must give way to “energy justice”. In order to do so, the oil suppliers must make earnest efforts for a responsible & reasonable pricing which will be sustainable,” the Indian minister said. Expressing concern over the implication of the oil price fluctuations on ...