IOC signs MoU with Russia’s Rosneft for crude oil imports

Indian Oil and Gas company, the Indian Oil Corporation recently signed an MoU with Russian energy firm, Rosneft for importing Crude Oil from Russia. The crude oil purchase agreement was signed during a meeting between Union Minister of Petroleum and Natural ..

IEA launches India’s Energy Policy Report

On January 10, 2020, the International Energy Agency (IEA) launched India’s Energy Policy Report. The report insisted that India should adopt its think tank NITI Aayog’s National Energy Policy. IEA released its “India Report 2020”, in collaboration with NITI Aayog. ..

Month: Current Affairs - January, 2020

Growth of eight core sectors slows to 2.1% in July 2019

According to official data released by Government, Growth of eight core industries (Index of Eight Core Industries) dropped to 2.1% in July 2019. It was mainly due to contraction in coal, crude oil, natural gas and refinery products. These eight ..

Month: Current Affairs - September, 2019

PM Modi awarded UAE’s Highest Civilian Award

Indian Prime Minister Narendra Modi was honored with the Order of Zayed which is the highest civilian award of the United Arab Emirates. He was awarded by the Crown Prince of UAE Mohamed bin Zayed Al Nahyan on 24th August, ..

ONGC’s Energy Strategy 2040

India’s foremost Oil and Gas Exploration & Production (E&P) PSU, the Oil and Natural Gas Cooperation has set its target to double the oil and gas production from its domestic and foreign hydrocarbon reservoirs. It has named this plan the ..

Jamnagar Refinery to produce only Jet Fuel and Petrochemicals

In light of the growing uncertainty over the future of gasoline-powered cars, one of the world’s largest oil refineries and India’s largest oil refinery, the Reliance Industries owned Jamnagar Refinery has decided to eliminate most of liquid fuels portfolio to ..