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'Oil Minister' - 459 News Result(s)

  • Low Expectations for Oil Output Cut as OPEC Meets

    Low Expectations for Oil Output Cut as OPEC Meets

    Saudi Oil Minister Ali al-Naimi and his United Arab Emirates counterpart, Suhail bin Mohammed al-Mazroui, said on Wednesday they expected the oil market to stabilise itself. A Gulf OPEC delegate told Reuters the Gulf producers had reached a consensus...

  • Libya's Rival Oil Minister Wants to Attend OPEC Meeting

    Libya's Rival Oil Minister Wants to Attend OPEC Meeting

    Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said.

  • Expert Report on ONGC-Reliance Industries Gas Dispute by June: Oil Minister

    Expert Report on ONGC-Reliance Industries Gas Dispute by June: Oil Minister

    International expert D&M will by June next year submit its report on claims of gas by Oil and Natural Gas Corp (ONGC) from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries Ltd (RIL), Oil Minister Dharmendra Pr...

  • Government Yet to Decide on Dates for ONGC, Coal India Stake Sales: Report

    Government Yet to Decide on Dates for ONGC, Coal India Stake Sales: Report

    The government has yet to decide on the dates for selling a 10 per cent stake in state-controlled Coal India and 5 per cent in Oil and Natural Gas Corp, a government official said after a meeting with the Finance Minister on Tuesday.

  • Oil Slumps to 4-year Low as Brent Crashes Below $80 a Barrel

    Oil Slumps to 4-year Low as Brent Crashes Below $80 a Barrel

    The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27.

  • Food Ministry Recommends Raising Edible Oil Import Taxes

    Food Ministry Recommends Raising Edible Oil Import Taxes

    Food Minister Ram Vilas Paswan has said that his ministry wants to double the import tax on crude edible oils and raise that on refined oils by 50 per cent, but is waiting for other ministries to give their views before passing its recommendation to ...

  • Modified LPG Subsidy Scheme to be in 54 Districts From November 15

    Modified LPG Subsidy Scheme to be in 54 Districts From November 15

    A modified direct cash subsidy transfer scheme for LPG consumers will be launched in 54 districts from November 15 and all over the country from January 1.

  • Oil Minister to Write to States to Allow Benefits of Price Cuts to Public

    Oil Minister to Write to States to Allow Benefits of Price Cuts to Public

    The Centre will soon write to the states to bring uniformity in the Value Added Tax (VAT) on oil products so that benefits of price cuts filter down to the masses, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said on Monday.

  • Gujarat Industries Petition Oil Minister Against GAIL

    Gujarat Industries Petition Oil Minister Against GAIL

    With firms like Piramal Glass having to shut down part of their operations after gas supply cuts, Gujarat industries have sought Oil Minister Dharmendra Pradhan's intervention to stop "arbitrary" action of GAIL that may lead to 30,000 job losses.

  • Growth to be in 5.5-5.9 Per Cent Range: Finance Minister

    Growth to be in 5.5-5.9 Per Cent Range: Finance Minister

    Declining prices of crude oil and food will help lower inflation, Finance Minister Arun Jaitley said on Friday, expressing confidence that economic growth in the current fiscal year will be in the range of 5.5-5.9 per cent.

  • Government Keen to Diversify Oil Imports, Buy Crude From US: Petroleum Minister

    Government Keen to Diversify Oil Imports, Buy Crude From US: Petroleum Minister

    Hit by uncertainty over oil supplies from West Asia, the government is keen to diversify imports and wants to buy crude from the US, Oil Minister Dharmendra Pradhan has said.

  • Oil Ministry to Overhaul Exploration Policy: Dharmendra Pradhan

    Oil Ministry to Overhaul Exploration Policy: Dharmendra Pradhan

    In parallel, the ministry is setting stiff targets for state explorers like ONGC to reverse the declining trend in oil and gas output in recent years as it looks to cut on import dependence.

  • Government Likely to Strike Deal With Vietnam for Oil Exploration

    Government Likely to Strike Deal With Vietnam for Oil Exploration

    Looking to deepen its economic ties with Vietnam, India is likely to strike a deal for exploration and production of oil and gas during the visit of the South East Asian nation's Prime Minister, Nguyen Tan Dung, on October 27.

  • Abducted Chinese Worker Freed in Sudan: Minister

    Abducted Chinese Worker Freed in Sudan: Minister

    Sudan's security forces have freed a Chinese worker abducted last week in the conflict-hit West Kordofan region, the oil minister said on Friday.

  • No Plan to Curtail Supply of Subsidised LPG Cylinders: Oil Minister

    No Plan to Curtail Supply of Subsidised LPG Cylinders: Oil Minister

    The government has no plans to curtail supply of subsidised cooking gas (LPG) from the current 12 cylinders per household in a year even as it looks to give cash subsidy to consumers across the country by June.

  • Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the ...

  • PM Modi Steps Up Economic Reforms, Eyes Privatisation

    PM Modi Steps Up Economic Reforms, Eyes Privatisation

    The government promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price con...

  • Taiwan's Health Minister Quits Over 'Gutter Oil' Scandal

    Taiwan's Health Minister Quits Over 'Gutter Oil' Scandal

    Taiwan's health minister Chiu Wen-ta has resigned over a food safety scare that has gripped the island after hundreds of tonnes of products made with "gutter oil" were removed from sale.

  • India to Have 4 More Strategic Oil Reserves: Petroleum Minister

    India to Have 4 More Strategic Oil Reserves: Petroleum Minister

    The Centre has chalked out plans to set up at least four more strategic oil reserves in the country in a bid to store adequate stock for meeting 90-100 day requirements during any crisis.

  • Fertiliser Stocks Back in Favour, GSFC Surges 20%

    Fertiliser Stocks Back in Favour, GSFC Surges 20%

    Fertilisers stocks have witnessed strong buying in last one week after Ananth Kumar, Minister for Chemicals & Fertilizers, said that the government proposes to come out with a new fertiliser policy. He also said that the fertiliser ministry is follow...

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