Petroleum Ministry

Source: news.smashits.com --- 14 days ago
New Delhi, Oct 2 (ANI): The Oil Marketing Public Sector Undertakings (OMCs) under the Ministry of Petroleum and Natural Gas is set to unveil a mass... ...

Source: www.bignewsnetwork.com --- 15 days ago
New Delhi, Oct 1 : The Oil Marketing Public Sector Undertakings (OMCs) under the Ministry of Petroleum and Natural Gas is set to unveil a massive public grievance redressal mechanism across the country from October 2 for domestic LPG, petrol and diesel. ...

Source: www.freshnews.in --- 45 days ago
New Delhi, Sep 1 (ANI): The Ministry of Petroleum and Natural Gas has ordered an extra 10, 000 metric tonnes of kerosene for flood victims in Bihar besides sanctioning rupees 50 million rupees as part of its flood aid effort. Announcing this at a news conference in New Delhi on Monday, Union Minister of Petroleum and [...] ...

Source: www.kmu.gov.ua --- 33 days ago
The secretariat of the expert-analytical group for the functioning of oil market and refining industry development has set a price corridor for light Petroleum products in Ukraine from September 11, 2008, the group press service reported ...

Source: www.iht.com --- 21 days ago
Britain's Mesopotamia Petroleum has said it is optimistic about talks currently underway with the Iraqi Oil Ministry about a joint venture for oil drilling. ...

Source: www.moreover.com --- 34 days ago
: The Ministry of Petroleum (MoP) on Thursday informed the economic monitory committee (EMC) meeting, with Finance Minister Syed Naveed Qamar in the chair, that the government should get ready for facing acute gas load shedding in the upcoming winter ...

Source: economictimes.indiatimes.com --- 17 days ago
The Ministry of Petroleum and natural gas is learnt to have informed the PM's Office that its counsel TS Doabia did not have the brief to speak on the government-owned NTPC’s gas agreement with RIL in the Bombay High Court. ...

Source: economictimes.indiatimes.com --- 9 days ago
Ministry of Petroleum and natural gas is considering a dual pricing framework for diesel to reduce the burden on central government’s coffers. ...

Source: timesofindia.indiatimes.com --- 10 days ago
Union Petroleum minister Murli Deora on Sunday said his Ministry is actively considering introduction of a dual pricing policy for diesel in the country. ...

Source: www.charlotteobserver.com --- 23 days ago
Iraq and Royal Dutch Shell PLC signed a deal to establish a joint venture that will tap natural gas in southern Iraq, the government said Monday. Iraqi Oil Minister Hussein al-Shahristani and four executives from the Anglo-Dutch company signed the deal, Iraq's second with a foreign company since the U.S.-led invasion in 2003. The joint venture with the state-run Iraqi South Oil Co. will invest in natural gas in the southern oil-rich province of Basra, Oil Ministry spokesman Assem Jihad said. Work will start early next month. Iraq will hold 51 percent in the venture and Shell 49 percent. Some of the extracted gas will cover domestic needs in power stations and factories, while the majority will be bought by Shell at market prices and exported, Jihad said. Iraq says it loses about $40 million worth of natural gas each day, partly because of a lack of infrastructure to exploit it for consumption or export. Shell is expected to spend $3 billion to $4 billion over five years to gather at least 500-600 million cubic feet of flared gas per day from southern fields. Flared gas is a byproduct of oil production. The agreement also provides for construction of a number of liquefied natural gas facilities. Earlier this month, Iraq and China signed a $3 billion deal with China to develop the Ahdab oil field in southern Iraq. China National Petroleum Corp. will develop the field for 20 years. It's expected to produce up to 25,000 barrels per d ...

Source: www.telegraphindia.com --- 13 days ago
New Delhi, Oct. 2: The Petroleum Ministry wants state-run oil firms to adopt a consortium approach in bidding for overseas assets, enabling them to offer large sums and snuff out competition from Chinese firms. ...

Source: www.telegraphindia.com --- 9 days ago
New Delhi, Oct. 6: The latest dip in crude increased the pressure on the Petroleum Ministry to reduce fuel prices before some states go to the polls in the next two months. Crude today touched $88.89, the lowest level since early February. ...

Source: www.geo.tv --- 15 days ago
ISLAMABAD: The Ministry of Finance has received two proposal with regard to the revision of prices of Petroleum products. In the first proposal, Oil and Gas Regulatory Authority (OGRA) has recommended a decline of Rs5 per litre in the price of petrol and an increase of Rs1.70 per litre in the rate of diesel. In the second proposal received from Petroleum Ministry, it has been recommended to keep the prices of Petroleum products unchanged for the next fifteen days. The notification regarding the new prices will be issued after the approval of the Prime Minister on September 30. ...

Source: www.thelibertypapers.org --- 12 hours ago
For the better part of a decade, Hugo Chavez has been running “La Revolución!” It’s been an attempt to remake Venezuela and then the rest of South America into a socialist powerhouse that would stand up to el Diablo del Norte. He’s financed this movement on high oil prices. As an oil exporting nation, and as a dictator who has nationalized oil into a fully state-owned enterprise, he’s been living high on the hog for quite some time. Many of us predicted that he was wasting money that would be better spent exploring for more oil on his social programs and would eventually face the reckoning of declining production. Instead, though, he may face his fate more quickly : According to studies prepared by PFC Consulting Limited, a Washington-based wholly owned subsidiary of Power Finance Corporation Limited, and German bank Deutsche Bank, Venezuela is the most vulnerable country to the financial crisis. PFC considers that Venezuela needs that the price of oil averages USD 97 to balance its accounts while in 2000, the South American country required that the price of the barrel of Petroleum was USD 34. … Deutsche Bank says that next year Venezuela and Iran require that the average price of oil remains at USD 95; Saudi Arabia at USD 55 and Russia at USD 70. The Ministry of Energy and Petroleum only releases the weekly price of the Venezuelan basket of crudes, and based on the statistics, oil prices dropped 35.3 percent, from USD 126.46 on ...

Source: www.oilweek.com --- 3 days ago
BAGHDAD _ Iraq`s oil minister is meeting with representatives of international oil companies in London on Monday to discuss bidding on the rights to develop his country`s Petroleum fields.Last April, Iraq chose 35 oil companies out of 120 that applied to participate in the bidding to develop six major oil fields and two natural gas fields.Topping the list of companies are the world`s oil giants: Royal Dutch Shell PLC, BP PLC, ExxonMobil Corp., Chevron Corp. and Total.Six state-run oil companies were later added to the list and a British company was dropped since it did not submit the required documents.Iraq sits on more than 115 billion barrels of oil, but decades of wars, UN sanctions and sabotage have battered its oil industry.As security improves, Iraq is trying to bring in foreign companies to help increase crude output from the current 2.5 million barrels a day to 4.5 million by the end of 2013.Ministry spokesman Assem Jihad says the purpose of the London meeting with Oil Minister Hussain al-Shahristani is to present the oil companies with details on the contracts and fields being offered.In light of these information, the companies will be in a better position to submit their bids which are planned to be approved by next summer, Jihad told The Associated Press.The Ministry will give the companies a six-month timetable from the receipt of data and other details to submit bids for a 20-year contract, another Oil Ministry off ...

Source: www.financialexpress.com --- 23 days ago
Hindustran Petroleum Corporation Ltd has appealed to the finance Ministry to issue instructions to public sector banks to put a ceiling limit of 10% interest on borrowings by HPCL. ...

Source: sify.com --- 29 days ago
The Union Petroleum and natural gas Ministry has ruled out the possibility of imposing a windfall gains tax on oil extracted out of blocks awarded under the New Exploration Licensing Policy (Nelp). q ...

Source: www.modernghana.com --- 28 days ago
The debt incurred from crude oil imports hit the GH¢200 million mark in July this year, with the Tema Oil Refinery (TOR) being the hardest hit. That followed the freeze on the upward review of Petroleum prices to reflect the soaring prices of crude oil on the international market, sources from the NPA and the Ministry of Finance and E ... ...

Source: www.modernghana.com --- 28 days ago
The Minister for Energy, Hon. Felix Kwasi Owusu-Adjapong, has noted that the government has created the requisite incentive mechanisms to attract investors with technical and financial capabilities into the country's Petroleum sector. According to him, his Ministry would continue with its good policies to ensure that the oil discovered in the c ... ...