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Latest Articles in oil minister

Oil Minister Pradhan Meets US Special Envoy John Kerry

Pradhan had a meeting with US Secretary of Energy Jennifer Granholm to discuss revamping strategic energy partnership between the two nations with a greater focus on cleaner energy sectors.

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India To Buy One-Third Less Oil From Saudi Arabia

Crude oil imports from OPEC countries decreased to 74.4 per cent of total imports during April 2020 to February 2021 as compared to 79.6 per cent in the same period of the previous year.

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India, US To Revamp Energy Ties

Oil Minister Dharmendra Pradhan on Monday held an 'introductory meeting' with US Secretary of Energy Jennifer Granholm.

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OPEC Ignores India's Call; Saudi Asks New Delhi To Use Cheap Oil It Bought Last Yr

Petrol and diesel prices have remained unchanged for the last five years and oil companies have in past not revised prices in the run to crucial assembly elections in 2017 and 2018 ahead of elections in states like Uttar Pradesh and Gujara

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India Asks OPEC+ To Fulfill Promise Of Price Stability - Oil Minister

Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices recently touched record highs, threatening the demand-driven recovery.

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India Warns Rising Oil Prices May Dampen Global Economic Recovery

Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market balance towards a deficit.

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Cabinet Approves Interest Subvention For Ethanol Distilleries

India will need about 1,000 crore litre of ethanol for doping in petrol by 2030 with a view to cut dependency on imports for meeting oil needs, he said adding that the nation currently has a capacity of 684 crore litres.

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India To See $66 Bn Investment In Gas Infrastructure

The global GDP is projected to double by 2040 but the associated global energy demand is estimated to increase only by 30 per cent, he said adding the situation of developed and developing countries however are not similar.

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India Looks To Resume Iran, Venezuela Oil Imports Under Biden

"As a buyer I would like to have more buying places. I should have more destinations to go for purchasing (oil)," Pradhan said in response to a question about his expectations for the resumption of oil imports from Iran and Venezuela under a Biden presidency.

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Indian Oil Firms Need To Bring In Foreign Players To Unlock Resources: Pradhan

India's exploration licensing rounds have so far seen a lukewarm response from global oil majors, with most of the blocks awarded to local companies, mainly ONGC and Oil India.

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India Wants Qatar To Lower Price Of Gas Under Long-Term LNG Deal: Oil Minister

India imports 8.5 million tonnes of liquefied natural gas (LNG) annually under long-term supply deals with Qatar.

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India Seeks Foreign Investments In Oil And Gas Sector: Minister

India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Pradhan said at an energy conference in New Delhi.

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Oil Prices Will Ease If Global Tensions Do Not Flare Up: Dharmendra Pradhan

The price of crude oil has already reduced by a few dollars per barrel, Pradhan said at an industry event in New Delhi.

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Rs 1.2 Lakh Crore Investment Planned For City Gas Network Expansion: Pradhan

While Rs 70,000 crore investment was committed in 86 GAs awarded in the 9th city gas bid round in August last year, another Rs 50,000 crore was committed in the 50 GAs awarded in the 10th round in March this year.

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Govt To Move To High Court Against Reliance Arbitration Award, Says Oil Minister

An international arbitration tribunal, by a majority vote last week, held that Reliance could contractually produce and sell any gas that might have migrated from adjoining fields of state-owned ONGC

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