MINISTRY OF PETROLEUM AND NATURAL GAS OF THE REPUB: IOC Initia...

NEW DELHI, May 3 -- The government of India issued the following news release: As many as three Re-gasified Liquefied Natural Gas (R-LNG) terminals exist now in the country while the fourth R-LNG terminal is under construction at Kochi (Kerala) by ...

As many as three Re-gasified Liquefied Natural Gas (R-LNG) terminals exist now in the country while the fourth R-LNG terminal is under construction at Kochi (Kerala) by Petronet LNG Ltd (PLL) As many as three Re-gasified Liquefied Natural Gas ...

Petronet LNG, India's biggest importer of gas in its liquid form, is mulling shipping LNG from Canada and USA to meet the country's growing energy needs. Petronet LNG is exploring the possibility for imports of LNG (liquefied natural gas) from ...

Petroleum Minister M. Veerappa Moily on Sunday said that the Prime Minister-headed panel would take up 31 oil and gas blocks stuck for clearances in "two-weeks'. On March 20, the CCI panel gave clearances for five oil and gas exploration blocks. The ...

Media reports indicate that some state-run oil marketing companies (OMCs) agreed to sell aviation turbine fuel (ATF) to the loss-making Air India at a concessional rate at the behest of the government. It is learnt that Indian Oil Corporation (IOC) ...

As a result of the refining capacity expansion from modest 62 Million Metric Tonnes Per Annum (MMTPA) in 1998 to 215.066 MMTPA during 2012-13, India has become self-reliant in meeting the domestic requirements of most of the refined petroleum ...

If your booked subsidised LPG cylinder has not reached you before March 31, then you stand to lose out on your remaining quota for this fiscal. The quota will not be carried forward, say public sector (OMCs), irrespective of when the refill booking ...

National carrier Air India owes over Rs 4,277 crore (Rs 42.77 billion) in outstanding jet fuel bills to state-owned oil companies, the largest overdue payment by any domestic air carrier.Unlike private carriers such as Jet Airways and Kingfisher Airlines, Air India has not given any security as insurance against default, the Lok Sabha was informed on Friday. In a written reply to a question, Minister of State forPetroleum & Natural Gas Panabaaka Lakshmi said of the total outstanding of Rs ...

For failing to meet its production sharing contract commitments for exploration and production activities, Reliance Industries Ltd (RIL) has paid $78.88 million as penalty to the Government in the last three years (2009-10 to 2011-12). The Minister ...