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About 832 results for "finance ministry wants oil"

Every Re 1 rise helps oil sector by Rs 4,700 cr: Vasudeva
Money Control

Every Re 1 rise helps oil sector by Rs 4,700 cr: Vasudeva

The Finance Ministry wants oil marketing companies to absorb a much higher share of under-recoveries this fiscal. It is learnt that state-run OMCs IOC, HPCL and BPCL have been asked to absorb as much as Rs 5,000 crore as against Rs 900 crore in FY13. Money Control, 3 weeks ago

129 images for finance ministry wants oil, 2 days ago
MCOT, 1 day ago
Global News Canada, 1 week ago, 1 week ago, 1 week ago
Penn Energy, 1 week ago, 1 week ago
Business Times Singapore, 1 week ago, 2 weeks ago
CIO East Africa, 3 weeks ago

Norway wants to turn its huge oil fund greener

Norwegian Minister of Finance Siv Jensen presents the parliamentary report of the Norwegian Pension Oil fund in Oslo on April 4, 2014 Oil-rich Norway moved Friday to target its huge sovereign wealth fund's investments more closely at boosting ...
 PhysOrg.com1 week ago Norway wants to turn its huge...  Rappler1 week ago Norway gov to scrap oil fund ethics committee  The Local Norway1 week ago Norway's finmin wants to take over oil fund's ethics council  Reuters1 week ago

Why Oil Min wants RIL to retain KG-D6 discoveries

The Oil Ministry is moving the Cabinet to allow Reliance Industries retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.  Upstream regulator Directorate General of Hydrocarbon (DGH) had sought taking away the three finds from RIL as the company had failed to prove their commerciality by not conducting prescribed tests.  The Oil Ministry is, however, seeking relaxation of the rules for RIL as it feels rebidding the finds ...
 Rediff.com18 hours ago Oil ministry pushes for RIL to retain gas fields  Deccan Herald22 hours ago Gas find: OilMin split on giving RIL more time  Deccan Herald2 months ago
The Express Tribune

Oil ministry drops plan to set up panel for fixing gas prices

The ministry now wants its number-crunching wing, the Petroleum Planning & Analysis Cell (PPAC), to “approve” and “notify” gas prices calculated on the basis of the complex formula every quarter. NEW DELHI: The oil ministry has dropped ...
 Economic Times5 days ago Oil ministry drops plan to set up inter-ministerial panel to decide gas price  Economic Times6 days ago Oil Ministry shuns the plan to form panel for fixing gas prices  Indian-Commodity5 days ago Gas price hike put on hold  Hindu Business Line3 weeks ago
Business Standard India

Moily wants reassessment of India's oil and gas potential

With a two-decade old estimate of oil and gas reserves in India becoming outdated, Oil Minister M Veerappa Moily has set up a multi-organisational team to reassess the country's hydrocarbon resources. The Multi-Organisation Team or MOT will reassess the ...
 The Financial Chronicle2 months ago Foreigners May Take over Downstream Oil & Gas Sector  Bisnis Indonesia4 weeks ago ONGC, OIL pick up 10% stake in IOC  Business Standard India1 month ago ONGC and OIL pick up 5pct each in IOC  Steel Guru1 month ago
Business Standard India

OIDB could be turned into financial institution

The petroleum ministry has proposed turning the Oil Industry Development Board into a financial institution on the lines of the Power Finance Corporation. It has sought a share of the crude oil cess to fund the board. The finance ministry uses the ...
 Smart Investor1 month ago

ONGC wants expert to assess if RIL taking its gas in KG basin

State-owned Oil and Natural Gas Corp ( ONGC) has written to the Oil Ministry seeking appointment of an international expert to assess if Reliance Industries Ltd was drawing out any of its gas in KG basin. ONGC says four wells drilled by RIL in the eastern ...
 Business Standard1 month ago DGH backs ONGC demand for appointing expert in KG basin issue  Deccan Herald1 month ago
Money Control

Oil Ministry wants CAG to quantify loss in KG-D6 contracts

The Oil Ministry has asked CAG to quantify the loss to the government caused by Reliance Industries' awarding contracts worth USD 2.4 billion for developing oil and gas finds in the KG-D6 block on the basis of a single bid. The ministry says any loss to the ...
 Business Standard1 month ago

Oil Ministry seeks Rs 26,000 crore as fuel subsidy for Q3

The Petroleum Ministry has asked for Rs 26,000 crore (Rs 260 billion) as fuel subsidy for the third quarter of this financial year, but the finance ministry is inclined to provide only Rs 10,000 crore (Rs 100 billion) cash support. "We have written to the finance ministry seeking Rs 26,000 crore subsidy support for covering under-recoveries (revenue loss) on diesel and cooking fuel in Q3 as well as unmet losses of the previous fiscal," Oil Secretary Vivek Rae said. Fuel retailers lost ...
 Rediff.com2 months ago Environment ministry okays Rs 19,000 cr projects  Construction World2 months ago
Nigeria Daily Independent

Fuel Scarcity: IPMAN wants finance ministry to step up payment

THE Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday urged the Federal Ministry of Finance to stop delaying payment to marketers of petroleum products. The association attributed the current scarcity of petrol to the ...
 The Guardian Nigeria1 month ago FG votes $1b to fight oil theft  Nigeria Daily Independent3 weeks ago Oil subsidy: Scarcity may linger as FG owes marketers N100bn [Sun, The (Nigeria)]  TMC Net2 weeks ago Nigeria: Fuel Scarcity - NNPC Can Only Supply 50 Percent of Nigeria's Needs - IPMAN  AllAfrica.com1 month ago
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