Petroleum Ministry

5 news results for the tag: Petroleum Ministry.

Sri Lanka seeks US petroleum investors

April 26th, 2007

Sri Lanka’s Minister for Petroleum and Petroleum Resources Development, A. H. M Fowzie, will lead delegation on May 1 to a key meeting in Texas of investors in oil exploration organized by the US embassy in Colombo, reports said. Minister Fowzie and the US ambassador to Sri Lankan Robert O’ Blake are expected to [...]

ONGC eyes partnership in drilling oil

February 8th, 2007

ONGC has won a large chunk of oil blocks but its track record in drilling oil is so poor that the company wants to tie up with foreign players to get in better technology for developing its deep-sea blocks.
However, the Petroleum Ministry till now is refusing to give ONGC’s proposals for foreign tie-ups the green [...]

BPCL, HPCL Approaches Petroleum Ministry To Allow Oil Imports By Chartered Vessels

October 16th, 2006

Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd sought the approval of Petroleum Ministry to allow them to charter ships for oil imports directly instead of going through Transchart, on lines of similar exemption given to Indian Oil Corporation. Both BPCL and HPCL contended that the flexibility of chartering their own vessels would bring [...]

Setback to Reliance, city gas network to be monopoly projects

October 8th, 2006

In a major setback to Reliance Industries, the government has decided to allow companies have monopoly in city gas distribution (CGD) projects to sell natural gas to households and automobiles.
“CGD projects will have marketing exclusivity. A company or consortia granted CGD license for a particular city will have marketing exclusivity for a certain number of [...]

Anil Ambani meets Petroleum Secy

August 3rd, 2006

Reliance-ADA Group chairman Anil Ambani today met Petroleum Secretary M S Srinivasan in the backdrop of the government rejecting Reliance Industries’ proposal to sell natural gas to his group firm RNRL at a price agreed mutually, instead of the bidding route.
Besides raising the contentious issue of sourcing gas from RIL’s K-G basin field, Ambani is [...]