Pradhan will also visit the shipbuilding Complex, Zvezda and the Sakhalin-1 oil and gas project in Russia's Far East. 'Possible areas of collaboration in other sectors like coking coal, and shipping routes will also be discussed,' it said.
'We discussed the present oil availability scenario,' Pradhan told reporters here. 'Organization of the Petroleum Exporting Countries (OPEC) is now taking cognizance of consumer interest in deciding on its policies.'
As the world battles alarming rates of carbon emission threatening the environment?, countries around the globe face pressure to reduce hydrocarbon use and switch to greener sources such as renewable power and electric vehicles.
Spot LNG prices have more than halved since last year due to oversupply as producers battle for market share.
In its most expensive acquisition ever, Oil and Natural Gas Corp (ONGC) last year paid Rs 36,915 crore to buy government's entire 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL).
The sources said additional supplies from ADNOC would compensate for lower imports from Saudi Arabia, which has lowered refinery runs to meet its oil exports commitment after attacks on its oil facilities.
Oil Minister Dharmendra Pradhan discussed investment opportunities when he met Igor Sechin, chief executive of Russian oil major Rosneft, here on Tuesday.
The minister who recently led a delegation to Russia to discuss bilateral cooperation in the areas of oil and gas, steel and coal -- informed the industry players that there is large scope and demand for Indian products in the international markets.
Speaking about rural electrification, Pradhan said that India has achieved the universal electrification of all villages.
Speaking at the eighth Asian Ministerial Energy Roundtable in Abu Dhabi, he said the share of world's third-largest energy consumer in total global primary energy demand is set to double to 11 per cent by 2040.
The Niti Aayog has reportedly proposed that after 2030, only electric vehicles should be sold in India.
The campaign will also lay an emphasis on strengthening the BJP at the grassroots level.
In a written reply to a question in the Lok Sabha, he said India's top oil and gas producer ONGC as on April 1, 2019, has in place oil reserves of 459.84 million tonnes.
Oil Minister Dharmendra Pradhan discussed the situation with Saudi Oil Minister Khalid Al Falih.
The issues being faced by engineering sector were discussed in detail during a meeting which was attended by Steel Minister Dharmendra Pradhan, Commerce and Industry Minister Piyush Goyal, senior officials of both the ministries, top steelmakers and representatives of engineering export sector.
India has time and again warned oil producers that higher crude prices are hurting global economic growth and they should do more to bring down rates to reasonable levels.
Pradhan asked banks to develop a blue print for the economic revival of the areas affected by Cyclone Fani.
Several key points regarding the working of the ministry and various sectoral functions were discussed at length by the both Union Steel Minister Dharmendra Pradhan and Minister of State for State Faggansingh Kulaste, Ministry of Steel said in a separate tweet.
Pradhan, 49, a tough task-master was credited for implementation of the Pradhan Mantri Ujjawla Yojana to see LPG customer base more than double to 26 crore in just five years
A tough taskmaster, Pradhan was picked to head the high-stake Ministry of Petroleum and Natural Gas when Prime Minister Modi first rode to power in 2014.
The statement of Pradhan, also a Union minister, came hours after Patnaik accused the BJP led central government of contributing only 20 per cent of the cost of setting up two medical colleges in the state.
Hitting out at Patnaik over his role in the coal block allocation during his tenure as union minister for steel and mines, Pradhan said a Nagpur-based company which was registered in January, 1999 was allotted a coal block on April 3, 1998.
The terminal would be constructed on the west side of the Biju Patnaik International Airport.
The initiative aims to support girls and women by 2030 through education and skills development
Addressing the gathering at Rayagada, Pradhan said the Centre is according top priority to accelerating development of backward KBK region in the state.