India and Pakistan will on Tuesday discuss financing of the $4.1-billion Iran-Pakistan-India gas pipeline project, the transit fee that Islamabad will charge for allowing the passage of the pipeline to India and security issues.
Last week, Pakistan and Iran had signed a memorandum of understanding for the implementation of the 2600-km project.
The government is reviewing the previous NDA regime's ambitious programme to run automobiles on ethanol-doped petrol, a project which was launched to cut the country's dependence on imported crude oil.
India will use the services of its former diplomats in its pursuit of energy security through acquisition of oil and gas properties abroad particularly in West Asia, Africa and Central Asia.
BHP Billiton, the world's largest diversified resources company, has said that there are sufficient features in the pre-feasibility study of the $4.16-billion Iran-Pakistan-India natural gas pipeline to ensure safety.
India will step up efforts to find new oil and gas fields as the country's largest oil producer Oil and Natural Gas Corporation expects output from its existing fields to drop sharply in next few years.
Left parties on Monday opposed any increase in petrol and diesel prices in step with the hike in global oil prices and higher taxes, and asked the government to restructure duties to protect the consumers.
Venezuela and India would start a pilot project on heavy oil exploration in Rajasthan in August, Centre said on Tuesday.
The government on Monday said it would overcome the problem of LPG shortage in the country by Diwali.
Public sector oil firms will purchase bio-diesel extracted from plants like Jatropha for mixing in diesel, at Rs 25 a litre beginning January 1.
A total of 89 seats -- out of 182 -- spanning the Saurashtra and south Gujarat regions, are up for grabs in the first phase with 977 candidates in the fray, including Chief Minister Vijay Rupani.
National Thermal Power Corp, Gas Authority of India Ltd and Indian lenders will contribute Rs 500 crore (Rs 5 billion) each as equity
Government on Tuesday said it was considering whether to increase prices of petrol and diesel due to increase in international crude oil prices.
Both the Lok Sabha and Rajya Sabha were adjourned for nearly two hours.
The government is mulling divesting a minority holding in oil exploration firm Oil India Ltd but no decision has been taken on the mode of sale, Petroleum Minister Mani Shankar Aiyar said on Wednesday.
He has been given time till March 15.
India's oil major ONGC has signed a memorandum of understanding with Russia's Gazprom, paving the way for their possible joint bidding for global energy assets.
The government has allowed Reliance Industries Ltd and Mangalore Refineries and Petrochemicals Ltd to sell kerosene outside the public distribution system, Petroleum Minister Mani Shankar Aiyar said on Thursday.
The group of ministers' meeting on Tuesday on raising natural gas price for fertilizer and power units and setting up a regulator for the oil sector remained inconclusive.
The Cabinet Committee on Economic Affairs on Thursday approved ONGC Videsh Ltd's proposal to lay a $200 million petroleum product pipeline in Sudan.
Finance Minister P Chidambaram on Friday discussed the issue of petrol and diesel pricing with Prime Minister Manmohan Singh.
Aiyar might visit Mumbai on Wednesday night and take stock of the situation.
Public sector oil companies lost Rs 9800 crore (Rs 98 billion) in the first six months of 2004-05 fiscal for selling petroleum products below the import cost, Petroleum Minister Mani Shankar Aiyar said on Tuesday.
Pakistan, "for the time being", does not want to import diesel from India either through land or sea route, owing mainly to its "higher rates".
The government will offer 20 oil and gas exploration blocks in the fifth round of bidding under the New Exploration Licensing Policy in January 2005, Petroleum Minister Mani Shankar Aiyar said on Friday.
Indian power expertise to Sudan for oil, gas blocks
petroleum minister has announced that fuel prices would not be hiked and talks with allies on the issue were on.
China on Wednesday said it was open to Indian oil firms investing in oil and gas exploration in the Communist country.
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