India is likely to sign a $145 billion deal by June to import natural gas from Iran through the proposed Iran-Pakistan-India pipeline after Tehran lowered the sale price by 30 per cent.
The proposed Rs 7,000-crore (Rs 70-billion) petrochemical complex of Gas Authority of India at Kochi has been shelved for the time being due to technical issues, according to Minister of Petroleum and Natural Gas Murli Deora.
BJP leader Subramanian Swamy questioned the party's decision to suspend Kirti Azad over the DDCA row.
Russian President Vladimir Putin had assured his support for ONGC Videsh Ltd taking a 20 per cent stake in the project, Deora said on Thursday.
India expects to finalise an agreement on the tri-nation pipeline that will bring natural gas from Iran via Pakistan by the middle of next month, Petroleum Minister Murli Deora said on Wednesday.
Sinha said the youth, farmers and the traders were dissatisfied with present policies of the saffron party.
ONGC confirmed on discovering natural gas in KG basin off the Andhra Pradesh coast and Mahanadi basin off Orissa coast, but said the find in KG basin posts 'technological challenges' and it was on looking for a strategic partner.
'The impact of merely innocent clouding on radar waves is not expected to be significant on air defence radars of either country to affect operational profiles in modern day context. '
Petrol and diesel prices in the national capital have been raised marginally following the state government's decision to levy sales tax on the two auto fuels.
The finance ministry had recommended that the government disinvest 10 per cent of its stake in the proposed initial public offer of Oil India, a state-owned upstream company, said Petroleum Minister Murli Deora.
The government on Friday ruled out an immediate increase in petrol and diesel prices in line with rise in international oil prices.
Calling the Bharatiya Janata Party communal, activist Anna Hazare on Friday said he never described Narendra Modi as secular.
Supply of the much-needed gas to Dabhol is set to be delayed again. The reason: shortage of pipes required to build the Dahej-Uran pipeline which will feed the gas to the plant.
Petroleum Minister Murli Deora said on Monday the Centre was trying its best not to increase the prices of petroleum products like petrol and diesel even though the international oil prices had registered an upward trend in the past few months.
The government on Wednesday announced a cut in the price of petrol by Rs 2 a litre and of diesel by Re 1 a litre, a move that saw the shares of oil companies tumbling.
The government on Wednesday announced a cut of Rs 2 per litre in petrol and Re 1 in diesel prices from midnight tonight.
Here's how Mr Murli does it. What's your strategy?
India and Pakistan have rejected the gas import price worked out by a consultant appointed by Iran as part of the over $7 billion tri-nation pipeline project.
The government will cut petrol and diesel prices when there is a sustained drop in global crude oil prices, Petroleum Minister Murli Deora said on Tuesday.
India will make another attempt to salvage the $22-billion deal to import LNG from Iran when Petroleum Minister Murli Deora meets the Islamic country's President Mahmoud Ahmadinejad in Tehran on Thursday.
The foundation laying ceremony of Oil and Natural Gas Corporation's petrochemical complex in Mangalore was postponed due to heavy rains.
Qatar has agreed to supply 1.2 million tonnes per annum of liquefied natural gas to fire the Dabhol power plant in Maharashtra, but differences persist over the price.
Murli Manohar Joshi on Friday squarely held the Inter-Services Intelligence responsible for the Ayodhya attack, while BJP president Lal Kishenchand Advani avoided any reference to the neighbouring country during his visit to Ayodhya.
The Centre criticised the Maharashtra government on Monday for not honouring its promise to bring down high sales tax on petroleum products and said it 'supports' the demand of striking dealers.
Under-realisation on selling domestic LPG and kerosene through public distribution system is likely to be around Rs 50,000 crore (Rs 500 billion) during the current fiscal, Petroleum Minister Murli Deora said on Monday.
Kings XI Punjab's new captain Murli Vijay has termed left-arm spinner Axar Patel's bowling spell as 'incredible' during their stunning 23-run win over table toppers Gujarat Lions in an Indian Premier League match in Rajkot.
Despite the high oil prices, growth in energy demand will continue globally, but there is need to reorient the approach in meeting the challenge, Minister for Petroleum and Natural Gas Murli Deora said on Sunday.
Petroleum Minister Murli Deora on Tuesday renewed his plea to the Maharashtra government to cut sales tax on petrol and diesel to give relief to fuel pump dealers, who were losing high volume business to neighbouring states where tax rates were much
Petroleum prices could head downward in the coming few weeks if global crude rates decline further, the government said on Saturday.
The Union petroleum minister has assured the petroleum dealers that he would discuss with the Maharashtra government to bring sales tax rates at par with neighbouring states.
Petroleum Minister Murli Deora has asked Prime Minister Manmohan Singh for a Re 1 per litre excise duty cut on crude oil to enable a reduction in auto fuel prices, necessary to contain the growing inflation.
Seeking to defend its leadership from the attack by its veterans, the BJP said the "healthy precedent" of collective responsibility for poll defeats was set by Vajpayee and Advani.
Putin, who was the chief guest at the Republic Day celebration, was seen off at the airport by Minister for Petroleum and Natural Gas Murli Deora.
Prime Minister Manmohan Singh will kick off a massive energy conservation drive on Saturday with the launch of an insurance scheme for auto and taxi drivers using environment friendly CNG as fuel in Mumbai.
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