The Turkmenistan event underscores the lengths to which China's oil-and-gas companies will go to curry favour in resource-rich locales.
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Following adverse media reaction to the June 27 decision of the Cabinet Committee on Economic Affairs, the finance ministry had issued an office memorandum asking the petroleum ministry to see if there was a way to make RIL clear its gas supply backlog at the existing price.
For every rupee fall against the dollar, the under-recovery will increase by Rs 8,000 crore
The temples committee has already posted a request to devotees on its website to contribute towards the rebuilding.
Reason behind for the change in his stance: gas price increase.
ONGC's chairman and managing director Sudhir Vasudeva tells Business Standard that any price for natural gas that is more than $4.2 a unit is good for the company.
Lines up a $1-billion capital expenditure plan for exploration purposes abroad.
A deal with the Assam government, which holds majority stake in the company through Assam Industrial Development Corporation Ltd, is likely by October.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
Business opportunity after phased diesel deregulation the main trigger.
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
First right of refusal may be limited to firms working under NELP, leaving out pre-NELP blocks run by big firms such as RIL and Cairn India.
This is the second postponement of the DBT launch in LPG. It was initially planned to be introduced from January 1.
Relief seen from easing global crude oil prices, phased diesel decontrol and capping of LPG cylinders.
Not only does there appear to be no meeting ground on the issue of a pricing formula proposed by the committee, the petroleum ministry wants another committee headed by Vijay Kelkar to look into the other major recommendation of moving to the revenue sharing model in exploration and production.
The finance ministry has rejected the formula and, instead, suggested an alternative that takes into account well-head prices of suppliers in Qatar, Oman, Abu Dhabi and Malaysia.
Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis.
LPG alone will save us Rs 8,000 cr a year: M Veerappa Moily.
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