dharmendra pradhan
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  • India refiners outshine Asia peers with new output, rising local demand Aug 01, 2017 02:46 PM IST

    India refiners outshine Asia peers with new output, rising local demand

    Asia is adding net refining capacity of 360,000 barrels per day (bpd) this year, according to Wood Mackenzie, with units coming online in China and Vietnam that could keep most of Asia well-supplied and weigh on refining margins for export-oriented refiners in South Korea and Thailand.

  • Govt orders LPG prices to be hiked by Rs 4 per month Jul 31, 2017 03:43 PM IST

    Govt orders LPG prices to be hiked by Rs 4 per month

    The government had previously asked Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) to raise rates of subsidised domestic LPG (liquefied petroleum gas) by Rs 2 per 14.2-kg cylinder per month (excluding VAT).

  • Arun Jaitley to head panel on HPCL stake sale to ONGC Jul 24, 2017 02:51 PM IST

    Arun Jaitley to head panel on HPCL stake sale to ONGC

    Hindustan Petroleum Corp Ltd (HPCL) will remain a public sector unit with a separate board and brand identity post Oil and Natural Gas Corp (ONGC) acquiring government's entire 51.11 per cent stake, which at current prices is valued at about Rs 28,800 crore.

  • CCEA approves govt stake sale of HPCL to ONGC: Dharmendra Pradhan in Lok Sabha Jul 24, 2017 12:35 PM IST

    CCEA approves govt stake sale of HPCL to ONGC: Dharmendra Pradhan in Lok Sabha

    Hindustan Petroleum Corporation Ltd (HPCL) will continue as a public sector undertaking after Oil and Natural Gas Corporation Ltd (ONGC) acquires its stake, the minister said in the Lok Sabha.

  • Don’t need minority shareholder nod for ONGC-HPCL deal, says ONGC chairman DK Sarraf Jul 19, 2017 03:00 PM IST

    Don’t need minority shareholder nod for ONGC-HPCL deal, says ONGC chairman DK Sarraf

    A committee for the deal will soon be formed and the merger is likely to be completed within this financial year.

  • West Coast Refinery's complex to cost Rs 2.7 lakh cr: Dharmendra Pradhan Jul 17, 2017 01:47 PM IST

    West Coast Refinery's complex to cost Rs 2.7 lakh cr: Dharmendra Pradhan

    State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) are building the integrated complex with a refining capacity of 60 million tonnes per annum at Babulwadi, Taluka Rajapur, Ratnagiri district.

  • Need affordable oil prices for masses: Dharmendra Pradhan to producers Jul 12, 2017 02:39 PM IST

    Need affordable oil prices for masses: Dharmendra Pradhan to producers

    Addressing a plenary session on 'Supply and Demand Challenges for Oil, Gas and Products' at the 22nd World Petroleum Congress in Istanbul, he said the rising middle class of emerging Asian countries like India will drive the demand for energy both in terms of electricity and cooking, and transportation fuel.

  • ONGC Videsh to bid in Lebanon gas field auction Jul 10, 2017 01:36 PM IST

    ONGC Videsh to bid in Lebanon gas field auction

    ONGC Videsh, the overseas investment arm of India's top explorer Oil and Natural Gas Corp, is among several companies prequalified to bid for offshore exploration and production licences from the Middle Eastern nation.

  • Govt looks to improve output from domestic oil & gas fields Jun 29, 2017 08:35 AM IST

    Govt looks to improve output from domestic oil & gas fields

    Modi had in March 2015 called for cutting India's dependence on imports to meet its oil needs by 10 per cent by 2022 from 77 per cent then.

  • India switches to liberal regime for oil, gas exploration Jun 28, 2017 06:50 PM IST

    India switches to liberal regime for oil, gas exploration

    India has switched over to the Open Acreage Licensing (OAL) regime where companies can choose areas they want to explore, said Oil Minister Dharmendra Pradhan.

  • IDCO notice to IOC to affect Odisha industrialisation: Dharmendra Pradhan Jun 22, 2017 07:50 AM IST

    IDCO notice to IOC to affect Odisha industrialisation: Dharmendra Pradhan

    "It is like hitting one's own leg. The state government's activities will adversely affect the ongoing industrialisation activities in Odisha," Pradhan said.

  • India seeks Qatar investment, gas deal to revive power plants Jun 20, 2017 12:06 PM IST

    India seeks Qatar investment, gas deal to revive power plants

    Pradhan told Reuters India was open to granting stakes to Qatar in local oil and gas companies and liquefied natural gas (LNG) terminals, should the Gulf emirate make such a proposal.

  • Rosneft plans big to tap Indian retail fuel market: Dharmendra Pradhan Jun 19, 2017 08:05 AM IST

    Rosneft plans big to tap Indian retail fuel market: Dharmendra Pradhan

    "Rosneft, the Russian oil major, who recently took over Essar Oil, are planning in a bigway to tap retail fuel market in India," he told reporters after inaugurating City Gas Distribution (CGD) Project to supply eco-friendly natural gas to households, industries and transport sector, here.'

  • India wants Iran to reciprocate on gas field award: Dharmendra Pradhan Jun 15, 2017 12:50 PM IST

    India wants Iran to reciprocate on gas field award: Dharmendra Pradhan

    Upset with the USD 5.5 billion master development plan submitted by ONGC Videsh Ltd - the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC) - Iran has signed an initial pact with Russia's Gazprom for developing Farzad-B gas field.

  • Saudi Aramco seeks exclusive talks for stake in mega refinery Jun 15, 2017 12:25 PM IST

    Saudi Aramco seeks exclusive talks for stake in mega refinery

    Oil Minister Dharmendra Pradhan said Khalid A Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco, during his meeting in Vienna last month expressed interest in taking a stake in the 60 million tonne(mt)refinery and 10-12 mt petrochemical complex.

  • Saudi Aramco seeks exclusive talks over India oil refinery stake: Dharmendra Pradhan Jun 15, 2017 07:25 AM IST

    Saudi Aramco seeks exclusive talks over India oil refinery stake: Dharmendra Pradhan

    The proposed talks come as Saudi Arabia seeks to secure customers for its oil amidst a global supply glut.

  • India could invest in Aramco IPO to strengthen ties May 23, 2017 07:50 AM IST

    India could invest in Aramco IPO to strengthen ties

    Oil minister Dharmendra Pradhan told Reuters the purchase of a stake in Aramco could be part of a plan by Indian state refiners to set up a refining venture with the Saudi giant.

  • India moving beyond oil as seeks alternatives to OPEC May 23, 2017 07:50 AM IST

    India moving beyond oil as seeks alternatives to OPEC

    Dharmendra Pradhan made the comments in Vienna ahead of OPEC's meeting this Thursday when members will decide whether to extend production cuts to ease the global oil glut that has grown in tandem with rising North American output.

  • Government looks to pump Rs 30,000 crore in LPG production, distribution May 05, 2017 04:35 PM IST

    Government looks to pump Rs 30,000 crore in LPG production, distribution

    A record 3.45 crore LPG connections were given during the fiscal ended March 31, 2017, including 2.2 crore free connections to poor women, Oil Minister Dharmendra Pradhan told reporters.

  • India will increase its refining capacity: Dharmendra Pradhan Apr 21, 2017 08:35 AM IST

    India will increase its refining capacity: Dharmendra Pradhan

    Addressing the inaugural session of 21st Refinery Technology Meet, Pradhan said his ministry has been emphasising on innovation and strengthening R&D wing.

  • Revised refinery MoU to save Rajasthan from losses: Dharmendra Pradhan Apr 19, 2017 07:40 AM IST

    Revised refinery MoU to save Rajasthan from losses: Dharmendra Pradhan

    "The previous MoU was not in interest of the state. It was Prime Minister Narendra Modi and Rajasthan CM Vasundhara Raje who saved the people from the faulty decision that Congress had taken in haste," he said.

  • GAIL to hire ships on short term to ferry LNG from US Apr 10, 2017 06:15 PM IST

    GAIL to hire ships on short term to ferry LNG from US

    State gas utility GAIL India Ltd will hire ships on short term to ferry gas from the US after it was forced to scrap a USD 7 billion tender for making vessels in India, Oil Minister Dharmendra Pradhan said today.

  • HPCL, Rajasthan govt settle differences over refinery project Apr 06, 2017 05:12 PM IST

    HPCL, Rajasthan govt settle differences over refinery project

    "We have finalised financial assessment of HPCL's Rajasthan refinery project and expect to work on it soon," Minister of Petroleum and Natural Gas Dharmendra Pradhan said today on the sidelines of Network18's two-day Global Natural Resources Conclave.

  • HPCL reworks fiscal pact for Rajasthan refinery, work to start Apr 06, 2017 03:59 PM IST

    HPCL reworks fiscal pact for Rajasthan refinery, work to start

    "Very soon, work will start on the Rajasthan refinery project. We have finalised the financial assessment," he said at the Global Natural Resources Conclave here.

  • India seeks investment from Aramco, Abu Dhabi co in refinery, petchem projects  Apr 06, 2017 01:46 PM IST

    India seeks investment from Aramco, Abu Dhabi co in refinery, petchem projects 

    India plans to set up a 60 million tonnes per annum (mtpa) coastal refinery in Maharashtra. Petroleum Minister Dharmendra Pradhan had last year said the government was keen to have foreign investment in the project.

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