Page-4 of crude oil Current Affairs, GK & News

High level Committee Recommends to Reduce Import Dependency of Crude

The High-Level Committee constituted to examine the issues relating to the preparation of action plan to create synergy among R&D Centres of Oil & Gas PSUs; tax issues and ways to benefit from GST by the Oil & Gas PSUs has submitted its report to the Ministry of Petroleum & Natural Gas. Observations made on ..

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India: Import of Crude from Iran and Chabahar Port Development

The sanctions waiver from the US has curtailed the Indian crude imports from Iran. But the fact that Iran was an important supplier of crude to India cannot be sidelined because: Iran is India’s third-largest oil supplier behind Iraq and Saudi Arabia. Iran was the second largest after Saudi Arabia until 2010-11. But the sanctions ..

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India to stop Importing Crude Oil from Iran

In the backdrop of the US refusal to extend the sanctions waiver for India to import crude from Iran, the Ministry of Petroleum and Natural Gas has taken steps necessary steps to end the imports from Iran. Even though India has urged the US to restore the sanction waivers it has decided to not to ..

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Core Industrial Output increased in February

The output from the eight core sectors which include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity witnessed a growth of 2.1 per cent in February, compared to the corresponding month last year as per the data from the Ministry of Commerce and Industries. How Core Industries Performed? The production of ..

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Growth Rate in the Core Sector witnesses Decline

The growth rate eight core sectors which include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity witnessed a decline as per the data from the Ministry of Commerce and Industries. Reduced growth rate of Core Sector The core sector which had witnessed a 6.2% growth in January 2018 witnessed a growth ..

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