Page-2 of Ministry of Petroleum and Natural Gas Current Affairs, GK & News

India’s Strategic Oil Reserves in focus after drone attacks on Saudi Aramco Facility

The policymakers are now deliberating on India’s strategic oil reserves at Mangaluru, Paddur (near Udupi) and Visakhapatnam after the drone strikes on Saudi Arabian Oil Co or Saudi Aramco’s facility over the weekend sent shock waves across global oil markets, hitting supplies. India’s Strategic Oil Reserves State-owned Indian Strategic Petroleum Reserve Ltd (ISPRL) which is ..

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High-Level Committee submits recommendations on Crude Oil Imports

A High-Level Committee constituted by Centre has submitted its recommendations to Ministry of Petroleum and Natural Gas on bringing down India’s dependence on crude oil imports. Key Highlights Composition: The High-Level Committee constituted by the Centre consisted of Dr Anil Kakodkar, an eminent Scientist and Sidharth Pradhan, an expert on financial and tax issues. Purpose: ..

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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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Govt Overhauls Oil, Gas Exploration Permits

The government has overhauled the rules for the oil and gas exploration permits. The Ministry of Petroleum and Natural Gas has released the new rules for oil and gas exploration permits: New rules make a departure from the from the two-and-a-half decade-old practice of having a uniform contractual regime for all sedimentary basins in the ..

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PETROTECH -2019

Prime Minister Narendra Modi inaugurated the PETROTECH -2019 conference and called for responsible pricing of crude oil that balances interests of both producers and consumers highlighting the need to have universal assess to clean, the affordable and equitable supply of energy. PETROTECH -2019 conference is a three-day mega event held from 10 to 12 February ..

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