India and Bangladesh in talks for a gas pipeline from Chittagong to Tripura
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 ...
Iraq becomes India's top oil supplier, overtakes S Arabia
The Dollar Business Bureau Iraq has become the biggest supplier of crude oil to India overtaking Saudi Arabia. On the other hand, Iran has become the fourth largest exporter after lifting of the sanctions. Iraq supplied around 11 million tonnes of crude to India during the April-June period which is more than the 10 million tonnes procured from Saudi Arabia Dharmendra Pradhan, Minister for Petroleum and Natural Gas said on Monday.Saudi Arabia has been the biggest supplier of crude oil to India, exporting 35 million tonnes in 2014-15 and 40.04 million tonnes in 2015-16. The second largest exporter of crude oil to India in 2010-11 after Saudi Arabia, Iran has been downgraded to the seventh spot in 2013-14 and 2014-15, amongst the 50 major countries supplying to India. However, with ...
GoI measures to boost oil & natural gas production
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 ...
