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Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday said that the government aims to expand the country’s oil exploration acreage to 1 million sq km by 2030 to further bolster India’s energy security.   Addressing the GEO India 24 conference here, Puri said the government has reduced "No-Go" areas in the Exclusive Economic Zone (EEZ) by almost 99 per cent, opening up vast new areas for oil and gas exploration. The minister pointed out that wh...
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri
Source: IANS
2024-11-15 05:42:06 pm
Net worth of Central PSEs shot up by 82 pc in 9 years: Hardeep Puri  Petroleum Minister Hardeep Singh Puri on Thursday highlighted the role of Public Sector Enterprises (PSEs) in driving India’s remarkable growth story as the country is headed to become the third largest economy in the world.  Sharing key statistics to illustrate the remarkable performance, the minister said that the net worth of Central Public Sector Enterprises (CPSEs) has increased by 82 per cent, from Rs 9.5 lakh crore in FY14 to Rs 17.33 lakh crore in FY23. Addressi...
Net worth of Central PSEs shot up by 82 pc in 9 years: Hardeep Puri
Net worth of Central PSEs shot up by 82 pc in 9 years: Hardeep Puri
Source: IANS
2024-11-15 09:46:42 am
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri Petroleum Minister Hardeep Singh Puri said on Tuesday that India’s current biofuel blending rate has reached 16.9 per cent, putting the country on track to reach the 20 per cent target set for 2025-26.    “As a result of the Govt. of India’s biofuel initiatives, we have saved Rs 91,000 crore in import bills parallelly giving a much-needed boost to the agriculture sector,” he added. He also said that India ranks second globally in biofuel blending, undersco...
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri
Source: IANS
2024-11-13 10:43:56 am
India moving towards gas-based economy from imported crude-based economy: Hardeep Singh Puri Union Minister Hardeep Singh Puri has highlighted that India is moving towards a gas-based economy from the imported crude-based economy for its energy requirements. He said in recent years the government has taken transformative steps to increase domestic gas production and reduce India's reliance on imports. Currently, India imports about 50 per cent of its natural gas needs, but with new investments in the upstream sector, this dependence is expected to come down over time. The mini...
India moving towards gas-based economy from imported crude-based economy: Hardeep Singh Puri
India moving towards gas-based economy from imported crude-based economy: Hardeep Singh Puri
Source: Accord Fintech
2024-11-12 02:32:43 pm
India says oil prices would have rocketed without its Russian imports Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from. India, the world's third largest oil importer and consumer, has become the top buyer of discounted Russian sea-borne oil shunned by Western countries since Ukraine's invasion began in early 2022. Before that, India bought little oil from its long-runnin...
India says oil prices would have rocketed without its Russian imports
India says oil prices would have rocketed without its Russian imports
Source: Reuters
2024-11-09 10:52:47 am
India`s petrochemical sector on track to touch $300 billion next year: Hardeep Singh Puri Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that India's petrochemical sector is on track to touch $300 billion next year, with the potential to reach upwards of $1 trillion in 2040. The growth in the sector means more jobs, growth, and a sustainable, self-sufficient future for every Indian. He stated with initiatives like Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) and 100 per cent FDI, India is paving the way for global investors a...
India`s petrochemical sector on track to touch $300 billion next year: Hardeep Singh Puri
India`s petrochemical sector on track to touch $300 billion next year: Hardeep Singh Puri
Source: Accord Fintech
2024-11-07 10:36:12 am
Oil buyers, producers dialogue needed for market stability, says India min India's oil minister Hardeep Singh Puri called on Monday for discussions between oil producers and consumers to stabilise prices. Oil prices rose more than 2% following a decision by OPEC+ to delay by a month plans to increase output. [O/R] India, the world's third largest oil consumer, relies on overseas purchases for more than 80% of its oil needs. "I'm hoping as a professional that all the players in this game will see a reason that... both producers and consumers...
Oil buyers, producers dialogue needed for market stability, says India min
Oil buyers, producers dialogue needed for market stability, says India min
Source: Reuters
2024-11-04 05:19:29 pm
AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri The potential economic impact of artificial intelligence (AI) is immense and AI adoption can generate Rs 33.8 lakh crore of economic value in the country by 2030, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Wednesday.   Addressing an event in the national capital, Minister Puri underscored the pivotal role of AI in transforming the energy sector, emphasising that AI is set to revolutionise operations, drive efficiency and accelerate the shift towards a mor...
AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri
AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri
Source: IANS
2024-10-24 09:16:05 am
Indian oil minister hopes global oil prices will come down India's oil minister hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market. There is no shortage of oil in the world as more supplies are coming into the market from countries such as Brazil and Guyana, Hardeep Singh Puri said on Tuesday. "Prices should hopefully come down, and that's my personal opinion," he said.  
Indian oil minister hopes global oil prices will come down
Indian oil minister hopes global oil prices will come down
Source: Reuters
2024-10-22 03:44:03 pm
Indian petrochemicals sector to reach $300 billion by 2025: Hardeep Puri The market size of the Indian chemicals and petrochemicals sector is expected to grow to approximately $300 billion by 2025, up from its current market size of $220 billion, Union Petroleum Minister Hardeep Singh Puri said on Friday.  Addressing the ‘Roundtable on Petrochemical’ during the ‘India Chem 2024’, the minister said the demand for chemicals is predicted to nearly triple and the petrochemicals industry in India may reach $1 trillion by 2040. The che...
Indian petrochemicals sector to reach $300 billion by 2025: Hardeep Puri
Indian petrochemicals sector to reach $300 billion by 2025: Hardeep Puri
Source: IANS
2024-10-19 08:51:19 am
Government advances target for 20 pc ethanol blending by 2025: Hardeep Puri The government has advanced its target for 20 per cent ethanol blending by 2025, reinforcing its commitment to sustainable energy, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Monday.   The minister said discussions have already started to develop a roadmap for the future, post the attainment of the 20 per cent blending target. "This roadmap will guide the country’s next steps in its pursuit of energy sustainability and self-reliance," sa...
Government advances target for 20 pc ethanol blending by 2025: Hardeep Puri
Government advances target for 20 pc ethanol blending by 2025: Hardeep Puri
Source: IANS
2024-10-15 10:15:15 am
Over 30 countries to explore $117 billion untapped export potential for India Highlighting the $117 billion untapped export potential for India, more than 30 countries are set to participate in the fifth edition of 'World Trade Expo' in the financial capital from October 17-18.  India has untapped export potential with the participating countries in sectors such as textiles, pharmaceuticals, chemicals, automobiles and components, machineries, etc. The US offers the maximum untapped export opportunity worth $46 billion in sectors such as gems and jewe...
Over 30 countries to explore $117 billion untapped export potential for India
Over 30 countries to explore $117 billion untapped export potential for India
Source: IANS
2024-10-13 02:23:00 pm
Energy availability could be hurt if Mideast situation worsens, India`s oil minister says India's oil minister Hardeep Singh Puri said on Monday that energy availability could be hurt if the situation in the Middle East worsens.
Energy availability could be hurt if Mideast situation worsens, India`s oil minister says
Energy availability could be hurt if Mideast situation worsens, India`s oil minister says
Source: Reuters
2024-10-07 06:19:32 pm
India, US hail collaboration to drive clean energy transition India and the US are making significant progress to drive energy innovation, strengthen energy security and accelerate clean energy transitions, including through more focused efforts on clean energy manufacturing and building resilient, responsible, stable, secure and diversified supply chains, it was announced on Tuesday.  According to the India and US Strategic Clean Energy Partnership (SCEP) ministerial meeting, convened by US Energy Secretary Jennifer Granholm and Union Petroleum...
India, US hail collaboration to drive clean energy transition
India, US hail collaboration to drive clean energy transition
Source: IANS
2024-09-17 09:39:33 am
$8 bn Market opportunity awaits India`s social enterprises by next year: Hardeep Puri India’s social enterprises are witnessing rapid growth and the market opportunity and potential for them is estimated to be $8 billion by next year, Union Petroleum and Natural Gas Minister, Hardeep Singh Puri, has said.  The minister emphasised that social enterprises have always been a vital part of the Indian life, significantly impacting sectors such as agriculture, health, and education. Speaking at an event in the national capital, the minister highlighted that these en...
$8 bn Market opportunity awaits India`s social enterprises by next year: Hardeep Puri
$8 bn Market opportunity awaits India`s social enterprises by next year: Hardeep Puri
Source: IANS
2024-09-11 10:46:24 am
Ethanol blending surges from 1.53 pc to 15 pc in last 10 years : Hardeep Singh Puri The ethanol blending percentage has surged from 1.53 per cent to 15 per cent in the last 10 years, Union Petroleum Minister Hardeep Singh Puri said on Monday, emphasising that bioenergy is increasingly becoming a crucial alternative to fossil fuels, offering both environmental benefits and economic opportunities, particularly in rural areas.  Encouraged by this progress, the government has set an ambitious target of reaching 20 per cent blending by 2025 and is confidently progressing ...
Ethanol blending surges from 1.53 pc to 15 pc in last 10 years : Hardeep Singh Puri
Ethanol blending surges from 1.53 pc to 15 pc in last 10 years : Hardeep Singh Puri
Source: IANS
2024-09-03 09:48:25 am
Union Minister Hardeep Puri acknowledges `extraordinary contributions` of Indian Oil on its 65th anniversary On the 65th anniversary of Indian Oil Corporation Limited (IOCL), Union Minister for Petroleum and Natural Gas Hardeep Singh Puri acknowledged the "extraordinary contributions" of the company and wished the organisation "continued success in its journey of excellence".   The Union minister also commended the company’s role in protecting Indian citizens from soaring global fuel prices over the past three years. “Pehle Indian, Phir Oil! Even as the ...
Union Minister Hardeep Puri acknowledges `extraordinary contributions` of Indian Oil on its 65th anniversary
Union Minister Hardeep Puri acknowledges `extraordinary contributions` of Indian Oil on its 65th anniversary
Source: IANS
2024-09-01 03:05:59 pm
India`s $30 billion creative industry employs 8 pc of working population: Hardeep Puri The creative industry in India now stands at $30 billion, responsible for the employment of nearly 8 per cent of the country’s working population, Union Petroleum Minister Hardeep Singh Puri has said.  Minister Puri stressed that with creative exports increasing by 20 per cent last year alone, generating over $11 billion, “the industry is expected to see remarkable growth in the coming years”. Speaking at the launch of the ‘All India Initiative on Creative E...
India`s $30 billion creative industry employs 8 pc of working population: Hardeep Puri
India`s $30 billion creative industry employs 8 pc of working population: Hardeep Puri
Source: IANS
2024-08-24 12:38:14 pm
Hardeep Puri hails ONGC`s highest-ever share surge Union Minister for Petroleum and Gas, Hardeep Singh Puri, on Tuesday hailed the new achievement by the public sector upstream giant Oil and Natural Gas Corporation (ONGC) as its shares touched a record new high.  ONGC's share price surged past Rs 323 apiece with a 5.18 per cent intraday gain on Monday, propelling its market capitalisation to Rs 4.06 lakh crore. "Congratulations to ONGC for this milestone achievement. The surge in the share prices -- the highest ever in ONG...
Hardeep Puri hails ONGC`s highest-ever share surge
Hardeep Puri hails ONGC`s highest-ever share surge
Source: IANS
2024-07-16 12:43:13 pm
Exclusive-India`s Narendra Modi departs from privatisation plans, will overhaul state-run firms, sources say India plans to overhaul more than 200 state-run firms to make them more profitable, signalling a departure from Prime Minister Narendra Modi's aggressive privatisation programme that has struggled to take off, government sources said. The programme to privatise a major portion of India's lumbering $600 billion state sector announced in 2021, had slowed ahead of the general election in April-May and now faces more resistance after Modi lost his majority in parliament and had to rely...
Exclusive-India`s Narendra Modi departs from privatisation plans, will overhaul state-run firms, sources say
Exclusive-India`s Narendra Modi departs from privatisation plans, will overhaul state-run firms, sources say
Source: Reuters
2024-07-12 01:47:03 pm
Budget to strengthen `Viksit Bharat` narrative, focus on more job creation The Union Budget 2024-2025 will strengthen the narrative of ‘Viksit Bharat’ by 2047 along with more job creation, following a transformation witnessed in the last 10 years across economic parameters, a report showed on Friday.  The broad focus of the government will be job creation. This could mean more impetus on infrastructure and other public welfare schemes, as well as fiscal expansion using off-balance-sheet structures, according to the report by Axis Securities. O...
Budget to strengthen `Viksit Bharat` narrative, focus on more job creation
Budget to strengthen `Viksit Bharat` narrative, focus on more job creation
Source: IANS
2024-07-12 12:18:13 pm
Exploration & Production sector offers investment opportunities worth $100 billion by 2030: Hardeep Singh Puri Underscoring the importance of the exploration and production (E&P) sector in achieving energy self-sufficiency and sustaining economic growth, Minister of Petroleum & Natural Gas Hardeep Singh Puri has said that the E&P sector offers investment opportunities worth $100 billion by 2030. Minister also highlighted the vast potential of India’s 26 sedimentary basins, containing substantial reserves of crude oil and natural gas yet to be fully tapped. Further, highlighting th...
Exploration & Production sector offers investment opportunities worth $100 billion by 2030: Hardeep Singh Puri
Exploration & Production sector offers investment opportunities worth $100 billion by 2030: Hardeep Singh Puri
Source: Accord Fintech
2024-07-12 11:28:55 am
Hardeep Singh Puri hails SBI report, claiming four-fold job creation in 2014-24 as compared to 2004-14 Union Minister for Petroleum and Gas, Hardeep Singh Puri hailed a study by the State Bank of India (SBI), which claimed that as many as 12.5 crore jobs were created in the Indian economy during the fiscal years of 2014-24, marking a four-fold jump from the 2004-2014 period, which saw the creation of about 2.9 crore jobs.   He also expressed happiness over the Micro, Small and Medium Enterprises (MSME) registering a total employment generation of about 20 crore in the small scale indus...
Hardeep Singh Puri hails SBI report, claiming four-fold job creation in 2014-24 as compared to 2004-14
Hardeep Singh Puri hails SBI report, claiming four-fold job creation in 2014-24 as compared to 2004-14
Source: IANS
2024-07-12 10:15:20 am
12.5 crore jobs created in last 10 years: Union Minister  Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Thursday that while 12.5 crore jobs have been created in the Indian economy during the last 10 years only 2.9 crore jobs were created in the 10 years before 2014.   He told IANS that the figures had been compiled in an SBI report prepared by the bank’s Group Chief Economic Advisor Soumya Kanti Ghosh.   The number of jobs created in the financial years 2014-23 is a more than 4-fold increase from the 2....
12.5 crore jobs created in last 10 years: Union Minister
12.5 crore jobs created in last 10 years: Union Minister
Source: IANS
2024-07-11 05:59:33 pm
India`s oil & gas exploration sector offers $100 billion investment opportunity: Union Minister Puri The exploration and production (E&P) segment of India's oil and gas sector will throw up an investment opportunity of at least $100 billion by 2030, Union Petroleum Minister Hardeep Singh Puri said on Thursday.  Addressing the 'Urja Varta 2024' at Bharat Mandapam here, he said, "Despite our progress much of our exploration and production potential still lies untapped within India's 26 sedimentary basins. Despite the abundant geological resources available to u...
India`s oil & gas exploration sector offers $100 billion investment opportunity: Union Minister Puri
India`s oil & gas exploration sector offers $100 billion investment opportunity: Union Minister Puri
Source: IANS
2024-07-11 02:33:18 pm
Government`s focus on non-polluting energy sources to boost private, public transport: Nitin Gadkari As pollution has become a huge issue in India, the focus of the government is on promoting the use of non-polluting sources to power personal and public transportation, Union Minister for Road Transport and Highways, Nitin Gadkari has said.  Speaking at the NDTV InfraShakti Awards, the minister said, "We need cost-effective, pollution-free and indigenous transport solutions. Now, Indian Oil is installing 300 ethanol pumps and automobile companies are bringing in flex vehicles.&qu...
Government`s focus on non-polluting energy sources to boost private, public transport: Nitin Gadkari
Government`s focus on non-polluting energy sources to boost private, public transport: Nitin Gadkari
Source: IANS
2024-07-03 05:46:47 pm
Robust policies spurred tech innovations under PM Narendra Modi: Lakshmi Puri Robust government policies have greatly enhanced the entrepreneurial spirit and spurred technological innovations under Prime Minister Narendra Modi’s leadership, Lakshmi Murdeshwar Puri, former Assistant Secretary General of the United Nations, said on Thursday. Lakshmi Puri said that “it is imperative that the government be voted back for continued progress needed to get us to our developed country destiny”. In a post on X, she said she was honoured to co-host the le...
Robust policies spurred tech innovations under PM Narendra Modi: Lakshmi Puri
Robust policies spurred tech innovations under PM Narendra Modi: Lakshmi Puri
Source: IANS
2024-05-23 04:07:54 pm
Kudos to PM Narendra Modi for motivating founders like us to do better: Zomato CEO Zomato Founder and CEO Deepinder Goyal on Wednesday praised Prime Minister Narendra Modi for providing ample opportunities to small-town entrepreneurs like him, as the online food delivery platform, coupled with quick commerce delivery platform Blinkit, scaled new highs in the last couple of years. In a post on X, Goyal thanked PM Modi for his kind words. “This does certainly motivate us to work harder and do better,” the Zomato CEO posted. Earlier in the day, the Prime M...
Kudos to PM Narendra Modi for motivating founders like us to do better: Zomato CEO
Kudos to PM Narendra Modi for motivating founders like us to do better: Zomato CEO
Source: IANS
2024-05-22 03:48:59 pm
We can become 'Viksit Bharat' even before 2047 with robust startup ecosystem: Hardeep Puri Riding on the overall economic growth across the spectrum, especially in the vibrant startup and unicorn ecosystem, India can achieve the 'Viksit Bharat' status even before 2047, Union Minister Hardeep Singh Puri said on Monday.  Addressing startup/unicorn founders and innovators during the 'Digital Bharat, Viksit Bharat' event in the national capital, the Union Minister said that India is the only economy that is growing, even at the most conservative estimate, at ove...
We can become 'Viksit Bharat' even before 2047 with robust startup ecosystem: Hardeep Puri
We can become 'Viksit Bharat' even before 2047 with robust startup ecosystem: Hardeep Puri
Source: IANS
2024-05-21 10:16:05 am
India discussed oil market volatility with OPEC chief, government says India, the world's third biggest oil importer and consumer, discussed recent trends and volatility in the global oil market and their impact on global energy stability with OPEC secretary general on Friday, a government statement said. During the telephone conversation with Haitham Al-Ghais India's oil minister Hardeep Singh Puri "emphasized the importance of balancing market stability, affordability, with pragmatism", said the statement. India imports more than 85% of...
India discussed oil market volatility with OPEC chief, government says
India discussed oil market volatility with OPEC chief, government says
Source: Reuters
2024-04-20 09:10:21 am
India sees $4.95 billion investment for natural gas network in Kashmir, northeast India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday. India, one of the world's biggest emitters of greenhouse gases, is seeking to boost the use of cleaner fuel to cut its carbon emissions and has set a 2070 goal for net zero carbon emissions. Prime Minister Narendra Modi is targeting raising the sha...
India sees $4.95 billion investment for natural gas network in Kashmir, northeast
India sees $4.95 billion investment for natural gas network in Kashmir, northeast
Source: Reuters
2024-03-05 09:21:15 am
Infrastructure to be vital component for India to become developed country by 2047: Hardeep Singh Puri Union minister Hardeep Singh Puri has said infrastructure will be a vital component for India to become a developed country by 2047. He asserted that the country will be the third-largest construction market globally by next year. Highlighting the vitality of the construction industry for the Indian economy, he said the construction industry is among the fastest growing industries in the country. Besides, Addressing at the inauguration of the National Workshop on 'Recent Development wi...
Infrastructure to be vital component for India to become developed country by 2047: Hardeep Singh Puri
Infrastructure to be vital component for India to become developed country by 2047: Hardeep Singh Puri
Source: Accord Fintech
2024-02-20 10:54:25 am
ONGC urged to use AI, data analytics in oil exploration drive Minister for Petroleum & Natural Gas Hardeep Singh Puri on Monday urged upstream oil giant ONGC to spearhead the country’s oil exploration efforts with the adoption of cutting-edge technologies like AI and Data Analytics for sustainability and reduced environmental impact. Addressing the golden jubilee celebrations of the Mumbai High oil discovery, the minister expressed satisfaction with ONGC's efforts in bringing new discoveries into production, signaling a strategic path f...
ONGC urged to use AI, data analytics in oil exploration drive
ONGC urged to use AI, data analytics in oil exploration drive
Source: IANS
2024-02-19 05:57:41 pm
India wants multi-year oil purchase deal with Guyana -Guyana minister India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South American nation's exploration areas, the Guyanese minister for natural resources said on Thursday. "We will make a decision at some point in time" on crude oil sales to India in a long-term deal, Vickram Bharrat told reporters on the sidelines of industry event India Energy Week in Goa. He said any such deal with India would have to be approved by Guyana's cabinet. India, ...
India wants multi-year oil purchase deal with Guyana -Guyana minister
India wants multi-year oil purchase deal with Guyana -Guyana minister
Source: Reuters
2024-02-08 01:48:15 pm
India to keep diversifying oil supply, accelerate energy transition -Oil Minister Supply cuts by OPEC+, costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition, its Oil Minister Hardeep Singh Puri said. "Whenever there is vulnerability and uncertainty in the market, the transition gets accelerated. No-one is looking at that", Puri told Reuters in an interview at this week's World Economic Forum in t...
India to keep diversifying oil supply, accelerate energy transition -Oil Minister
India to keep diversifying oil supply, accelerate energy transition -Oil Minister
Source: Reuters
2024-01-17 02:55:16 pm
Indian refiners set to ask for extra Saudi oil after sharp price cut Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said. Indian Oil Corp, the country's top refiner, and Bharat Petroleum Corp, are looking at lifting an additional 1 million barrels of oil each from Saudi Aramco in February, the sources said. Saudi Aramco typically notifies Asian buyers of their monthly crude allocations by the 10t...
Indian refiners set to ask for extra Saudi oil after sharp price cut
Indian refiners set to ask for extra Saudi oil after sharp price cut
Source: Reuters
2024-01-09 04:58:15 pm
ONGC starts producing oil from deep-sea KG basin  Oil and Natural Gas Corporation (ONGC) has started oil production from its Krishna Godavari (KG) basin deep-sea project in Bay of Bengal, which will enable India to reverse the decline in the domestic output that has taken place in recent years. Petroleum Minister Hardeep Singh Puri on Monday said, "Production from the block is expected to be 45,000 barrels per day and over 10 million standard cubic metres per day of gas. “This project is expected to add 7 per cent to c...
ONGC starts producing oil from deep-sea KG basin
ONGC starts producing oil from deep-sea KG basin
Source: IANS
2024-01-08 12:53:46 pm
India`s Metro network to become world`s 2nd largest, leaving US behind  India’s metro network is expanding at an unprecedented pace and is likely to surpass that of the US in the next couple of years to become the second largest in the world. “In 2014, only 248 km of metro rail was operational in India. Merely in nine years, 895 km of metro lines are operational in 20 different cities,” Union Housing & Urban Affairs Minister Hardeep Singh Puri said recently at the Urban Mobility India Conference cum Expo 2023. Currently construct...
India`s Metro network to become world`s 2nd largest, leaving US behind
India`s Metro network to become world`s 2nd largest, leaving US behind
Source: IANS
2024-01-07 12:50:15 pm
India will buy Venezuelan oil, says minister  India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday. Indian refiners have already resumed Venezuelan oil purchases, with Reliance Industries, Indian Oil Corp and HPCL-Mittal Energy securing cargoes of Venezuelan oil after the United States lifted sanctions in October. India last imported Venezuelan crude in 2020. "Many of our refineries, including Paradip, (are) capable...
India will buy Venezuelan oil, says minister
India will buy Venezuelan oil, says minister
Source: Reuters
2023-12-15 12:11:16 pm
Government makes phased blending of compressed bio-gas with CNG, PNG mandatory The National Biofuels Coordination Committee chaired by the Union Petroleum Minister has announced the introduction of phase-wise mandatory blending of Compressed Bio-Gas (CBG) in CNG (transport) and PNG (domestic cooking) segments of the city gas distribution sector. Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday that the decision would encourage investment of around Rs. 37,500 crores and facilitate establishment of 750 CBG projects by 2028-29. The key objective...
Government makes phased blending of compressed bio-gas with CNG, PNG mandatory
Government makes phased blending of compressed bio-gas with CNG, PNG mandatory
Source: IANS
2023-11-25 04:33:44 pm
India may buy Venezuelan oil if it's cheap, minister says  Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, India's oil minister said on Wednesday, days after the U.S. temporarily lifted sanctions on OPEC member Venezuela's oil sector. India, the world's third biggest oil importer and consumer, ships over 80% of its oil needs from overseas and wants to cut its crude import bill. "It is always good when more supplies come to market," Oil Minister Hardeep Singh...
India may buy Venezuelan oil if it's cheap, minister says
India may buy Venezuelan oil if it's cheap, minister says
Source: Reuters
2023-11-02 10:00:40 am
India`s metro rail network poised to surpass USA`s to become world`s 2nd largest: Hardeep Singh Puri Union Housing & Urban Affairs Minister Hardeep Singh Puri on Friday said that the length of India’s metro network would surpass that of the USA in the next 2 to 3 years to become the 2nd largest in the world. Currently India’s metro network is the 3rd largest in the world. Addressing the inaugural session of 16th Urban Mobility India (UMI) Conference cum Expo 2023 here, the minister said that the pace of growth of metro network in the country has seen an unprecedented ...
India`s metro rail network poised to surpass USA`s to become world`s 2nd largest: Hardeep Singh Puri
India`s metro rail network poised to surpass USA`s to become world`s 2nd largest: Hardeep Singh Puri
Source: IANS
2023-10-28 09:35:33 am
India`s energy demand to continue to provide fuel for future economic growth: Petroleum Minister Highlighting the fast progress made by India in green and clean energy sector, the Minister of Petroleum & Natural Gas and Housing & Urban Affairs, Hardeep Singh Puri has said that India's energy demand will continue to provide fuel for future economic growth and is bound to grow exponentially in the coming years. He also noted that at present the country is world's 3rd largest consumer of oil, 3rd largest LPG consumer, 4th largest LNG importer, 4th largest refiner and 4th largest aut...
India`s energy demand to continue to provide fuel for future economic growth: Petroleum Minister
India`s energy demand to continue to provide fuel for future economic growth: Petroleum Minister
Source: Accord Fintech
2023-10-11 03:05:36 pm
India`s energy demands bound to grow exponentially in coming years: Hardeep Puri Petroleum Minister Hardeep Puri on Tuesday said that India's energy demand will continue to provide fuel for future economic growth and is bound to grow exponentially in the coming years.He said that at present the country is the world's third largest consumer of oil, third largest LPG consumer, fourth largest LNG importer, fourth largest refiner, fourth largest automobile market.India is likely to account for 25 per cent of global energy demand growth over the next two decades, he emphasised...
India`s energy demands bound to grow exponentially in coming years: Hardeep Puri
India`s energy demands bound to grow exponentially in coming years: Hardeep Puri
Source: Accord Fintech
2023-10-10 11:58:00 am
India emerging as alternative supply source, says Hardeep Puri As the global supply chains are realigning, India is emerging as an alternative supply source given its raw materials, low labour costs, growing manufacturing knowhow, and entrepreneurial ability, Petroleum Minister Hardeep Puri said on Friday,Addressing the annual meeting of industry chamber PHDCCI, Puri said that with the transition witnessed by energy sector in recent years, India is simultaneously pursuing both traditional fuel exploration and energy transition.The minister said that Indi...
India emerging as alternative supply source, says Hardeep Puri
India emerging as alternative supply source, says Hardeep Puri
Source: IANS
2023-09-30 09:25:51 am
Hardeep Puri launches hydrogen fuel cell powered bus, says domestic demand to increase by 4 times  Hydrogen is deemed as the fuel for future with immense potential in helping India meet it?s decarbonisation targets and its global demand for hydrogen is expected to increase by four to seven times to 500-800 million tonnes by 2050, Union Petroleum Minister Hardeep Singh Puri said on Monday.The domestic demand is expected to increase by four times, from current 6 million tonnes at present to 25-28 MT by 2050, he added, informing that PSUs under the ministry shall be able to produce arou...
Hardeep Puri launches hydrogen fuel cell powered bus, says domestic demand to increase by 4 times
Hardeep Puri launches hydrogen fuel cell powered bus, says domestic demand to increase by 4 times
Source: IANS
2023-09-25 12:30:59 pm