Govt sets IOC sale price

An Empowered Group of Ministers (EGoM) Friday approved 10 percent stake sale in Indian Oil (IOC) to ONGC and OIL at a discount of 10 percent, which will fetch around Rs.5,300 crore to the exchequer. "The two companies (ONGC and Oil India) will now ...

DUBAI: India has deposited some of the money owed for oil imported from Iran in a Iran (CBI) account, Iranian oil ministry news service Shana reported a senior official as saying on Tuesday. Indian officials said late last month that they were ...

NEW DELHI : India's oil sector, dominated by state-run entities, underwent a major facelift on Saturday with change of guard in the petroleum ministry's bureaucracy and two top companies spanning exploration & production as well as fuel retail. ...

NEW DELHI: The board of state-owned (OIL) has approved the acquisition of a 5 per cent stake in (IOC) from the government at a discount to the market price. The OIL board, at its meeting yesterday, approved the proposal to buy IOC shares in an ...

Official confirmation by India that Iran seeking payment Finance ministry working out details on banking channel Indian refiners owe around $3 bln for Iran oil imports NEW DELHI, Feb 25 (Reuters) - India is ready to pay $1.5 billion to Iran to ...

Named in an Aam Aadmi Party-filed FIR over alleged irregularities in gas pricing, India's former Oil Minister Murli Deora may write to Delhi Lieutenant Governor Najeeb Jung challenging the state government's jurisdiction in filing a police complaint ...

: The petroleum ministry has sought the Union Cabinet's approval for setting up Rs 2,000-crore Indian Energy Insurance Pool to offset the risk for refineries in importing crude oil from Iran. The oil ministry has also asked the Cabinet Committee on ...

Green light for business, red light for greens Adam Plowright, Feb 24, 2014, AFP: India's environment ministry, run by Oil and Gas Minister M Veerappa Moily since late December, has issued approvals for industrial projects worth $40 billion in the ...

New Delhi, February 20, (ANI): Joint Secretary of Ministry of New and Renewable Energy Tarun Kapoor on Thursday said that mining in India had become a challenge and oil imports were leading into a drain of foreign exchange. "Mining in India has ...