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Petrol and Diesel Should Come Under GST, says Dharmendra Pradhan

Date : Sep 18, 2018

Expressing concern over the continuous rise in fuel prices, Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday said that petrol and diesel should come under the ambit of Goods and Services Tax (GST).

 

"I want petrol and diesel to come under the ambit of GST. The GST Council should take a decision on this. State governments are more powerful than the Centre in the GST Council meeting," Pradhan said.

 

He further urged Odisha Chief Minister Naveen Patnaik to "reduce VAT on petrol and diesel like other state governments."

 

The mini...

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India Solar Power Target under Cloud as Agencies Spike Bids for 9,000 MW Solar Power

Date : Sep 17, 2018

Solar power agencies of the central and state governments have scrapped bids for projects aggregating 9,000 MW capacity, which will lead to a flat growth in capacity addition next year and delay the goal of achieving 1 GW (giga watt) of solar...

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BPCL-Bina Refinery-IPO

Date : Sep 17, 2018

State-run Bharat Petroleum (BPCL), which owns Bina Refinery in an equal JV with Oman Oil Company, has shelved its IPO plans for the company as "it generates enough cash" to complete the ongoing expansion and as also "because...

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MEA’s Low Voltage Cables Market to Reach $2.7bn by 2020

Date : Sep 14, 2018

The Middle East and Africa’s (MEA) low voltage cables market is anticipated to reach a value of $2.7 billion by 2020 owing to growth in various sectors of the economy, according to Grand View...

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Borouge to Increase Polypropylene Capacity by 25pc to 2.24 mn tpy

Date : Sep 14, 2018

Borouge, a joint venture of the Abu Dhabi National Oil Company (Adnoc) and Borealis of Austria, has signed an Engineering, Procurement and Construction (EPC) contract with Marie Tecnimont Group for its fifth polypropylene (PP5) plant...

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Russia is Our Largest Investment Destination in Oil, Gas Sector: Pradhan

Date : Sep 14, 2018

Hailing Russia as India's largest investment destination in the oil and gas sector, Union Minister Dharmendra Pradhan on Thursday said that Moscow will always be a priority in New Delhi's foreign and energy policy. Speaking at...

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Eni CEO meets Iraqi Oil Minister

Date : Sep 14, 2018

The oil minister of Iraq, Jabbar Ali Hussein Luaibi, and the Chief Executive Officer of Eni, Claudio Descalzi met in Baghdad on Saturday.

 

During the meeting Eni’s CEO had the opportunity to outline the...

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Govt All Set to Sign OALP-1 Contracts on September 24

Date : Sep 12, 2018

The government is likely to sign on September 24 contracts for 55 oil and gas exploration areas awarded under India's maiden open acreage auction OALP-1, people with direct knowledge of the development...

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GAIL to Expand Gas Pipeline Network Capacity by 50 Per Cent in Three Years

Date : Sep 12, 2018

GAIL India Tuesday said it will expand its pipeline network capacity by about 50 per cent by constructing 5,500-kilometers of new lines in the next three years. The state-owned company is also looking at setting up 400 CNG stations...

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Iraq Replaces Saudi Arabia as India’s Top Oil Supplier in August

Date : Sep 12, 2018

Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a lower intake of Iranian oil ahead of US sanctions in...

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Dewa Launches Green Dubai Initiative

Date : Sep 12, 2018

Dubai Electricity and Water Authority (Dewa) has launched Green Dubai, which includes three initiatives that will help make Dubai the smartest, happiest and most sustainable city in the world.

 

The move...

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Adani Group, IOC, BPCL, Torrent Emerge as Big Winners of City Gas Licences

Date : Sep 18, 2018

The Petroleum and Natural Gas Regulatory Board (PNGRB) on Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani's group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winners. Adani Gas won rights to retail compressed natural gas (CNG) to automobiles and piped cooking gas to households and industries in 13 cities on its own and another nine, including Allahabad, in a joint venture with IOC, according to results of 84 cities that were bid out in the country's biggest city gas distribution (CGD) bid round.   According to the list of winners put ...

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NTPC Kudgi Project Becomes Fully Operational

Date : Sep 17, 2018

The third unit begins commercial production from today NTPC Kudgi’s 3rd unit of 800 MW commenced commercial production from Saturday. With this the NTPC Kudgi project has become fully operational with 2400...

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Empower Completes $16.3 Expansion at DIFC Cooling Plant

Date : Sep 14, 2018

Emirates Central Cooling Systems Corporation (Empower) has completed Dh60 million ($16.3 million) expansion at its district cooling plant in Dubai International Financial Centre (DIFC), according to the approved time plan in April...

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Bids for 9,000 MW Solar Power Projects Spiked, Government May Miss Target

Date : Sep 14, 2018

Solar power agencies of the central and state governments have scrapped bids for projects aggregating 9,000 MW capacity, which will lead to a flat growth in capacity addition next year and delay the goal of achieving 1 GW (giga watt)...

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ADFD Approves $33mn Loan for Sharjah Waste-to-Energy Project

Date : Sep 12, 2018

UAE-based Abu Dhabi Fund for Development (ADFD), a leading national entity for development aid, has approved a $33-million concessionary loan for the development of a waste-to-energy facility in the northern emirate of...

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EGA Marks Major Milestone in Al Taweelah Alumina Refinery Project

Date : Sep 12, 2018

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has received the first shipment of caustic soda for its under-construction Al Taweelah alumina refinery, marking a major...

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Suzlon Inks JV with CLP India for Two Solar Projects in Maharashtra

Date : Sep 12, 2018

Wind turbine maker Suzlon Tuesday announced a joint venture (JV) with CLP Power India Private Limited for two solar projects with of 50 megawatt (MW) and 20 megawatt (MW) in Dhule, Maharashtra.

 

"As per...

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NTPC Board Okays Rs 9,785 Cr Stage-III Expansion at Odisha’s Talcher Plant

Date : Sep 11, 2018

The NTPC board has given approval for an investment of Rs 9,785 crore for 1,320 MW stage-III expansion of its Talcher thermal power plant in Odisha.

 

The Talcher plant is situated in Angul district of Odisha....

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Production Restarted at Baiji Refinery

Date : Sep 11, 2018

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] announced on Sunday the full rehabilitation of the Salahaddin-2 unit at Baiji oil refinery.

 

The refinery was shut down in 2014 due to the actions of the...

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Adnoc to Invest $45bn for Ruwais City Development

Date : Sep 11, 2018

The Abu Dhabi National Oil Company (Adnoc) will invest Dh165 billion ($45 billion) in development plans for Ruwais City, a 6.9-sq-km community near the Ruwais Industrial Complex, in Abu Dhabi’s Al Dhafra region, a report...

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