Archive for the ‘Petrochemical Investment India’ Category

Petroleum Minister approves proposal to expand the Scheme for sale of non-subsidised 5 KG LPG Cylinders from Petrol Stations

Comments Off | 11-5-2013

The Minister of Petroleum and Natural Gar Dr M Veerappa Moily has approved a proposal to extend the scope of the Scheme for sale of non-subsidised 5 KG LPG cylinders from Petrol Stations(Petrol Pumps/Retail Outlets) of Oil Marketing PSUs (OMCs) in other parts of the country subject to the Election Code of Conduct. The Scheme

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India a net exporter of Petroleum Products Sincé 2001-02; exported 60.8 MMT products in 2011-12 earning USD 59.3 billion : P.Lakshmi

Comments Off | 04-23-2013

The Minister of State for Petroleum & Natural Gas Smt. Panabaaka Lakshmi informed the Rajya Sabha in a written reply today that since 2001-02 India is a net exporter of petroleum products. The Minister also informed that during 2011-12, the country exported 60.8 MMT of Petroleum products worth US Dollars 59.3 billion.
She further said that

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Petroleum Ministry describes reports regarding withdrawal of the Note for EGoM about KGD-6 gas price revision at the behest of the present Minister as completely baseless

Comments Off | 11-22-2012

The Ministry of Petroleum & Natural Gas is constrained to note that certain baseless and frivolous allegations regarding the issues pertaining to KGD-6 gas pricing are reported in some of the Newspapers. In this regard, the following facts are stated to put the things in proper perspective.
• The issues pertaining to gas pricing were explained

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Shri Veerappa Moily Assumes Charge as New Petroleum Minister

Comments Off | 10-30-2012

Dr. (Shri) M. Veerappa Moily assumed office as new Minister of Petroleum and Natural Gas, here today. He was earlier Minister of Power and Corporate Affairs. Outlining his priorities on the occasion, Shri Moily said that he would work towards providing energy security to the people of India. Bridging the gap in per capita consumption

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Petroleum Ministry invites Suggestions to Finalise Eligibility Conditions for Establishing -Operating LNG Terminals

Comments Off | 04-21-2012

Section 15(1) of the Petroleum & Natural Gas Regulatory Board Act, 2006 provides that every entity desirous of:
(a)  Marketing any notified petroleum or petroleum products or natural gas; or
(b) Establishing or operating a liquefied natural gas terminal; or
(c)  Establishing storage facilities for petroleum, petroleum products or natural gas
Exceeding such capacity as may be specified by

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International Price of Crude Oil – Indian Basket Stages Comeback on 19.4.2012 to Rise to US$ 116.06/BBL

Comments Off | 04-21-2012

The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has

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Singapore based Sim Siang Choon offers for further stake in BSE listed Indian oil producer and exporter Interlink Petroleum

Comments Off | 08-5-2010

The Singaporean firm, Sim Siang Choon Wednesday said it had made an offer for the acquisition of an additional 20% stake in Interlink Petroleum. The company reported it is seeking the additional stake from the Indian oil explorer and producer’s equity shareholders. In the open offer, the firm is keen on purchasing a maximum of

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Reliance Industries Limited to invest US$ 9 Billion to expand polyester and petrochemicals business

Comments Off | 06-21-2010

Reliance Industries Limited (RIL) Chairman, Mukesh Amabani Friday announced the company intends to invest US$9 billion to enable it expand its polyester and petrochemicals business. According to him, RIL has a five year investment plan that would see its total investment in all new polyester and petrochemical manufacturing facilities become the largest investment in the

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