Mumbai: India has struck down Reliance Industries Ltd's plan to recover about $1 billion invested to develop an offshore gas field as the current output is less than half of that approved under the development plan, an oil ministry source said. Reliance said in a statement late on Friday that the oil ministry has proposed to "disallow certain costs", without quantifying how much the company was planning to recover. These...
11:30 PM, May 04, 2012
New Delhi: In a major relief for Air India, Petroleum Ministry on Thursday decided to grant two to three months credit to the troubled airline for jet fuel instead of making daily payments. The national carrier had been put on cash-and-carry mode by public sector oil companies since last December as it owes more than Rs 2,000 crore to them. Air India has been paying Rs 16.5 crore a day...
08:42 PM, Aug 18, 2011
The Ambani bros are locked in a battle over supply and price of gas from KG basin. ...
11:34 PM, Nov 17, 2009
Petroleum Ministry 'collusive', corporate tells Supreme Court. ...
06:05 PM, Nov 10, 2009
CNN-IBN investigation finds Petroleum Ministry flouted rules to favour company. ...
09:29 PM, Sep 21, 2009
Anil alleges Petroleum Ministry is favouring his elder brother Mukesh. ...
09:04 PM, Jul 28, 2009
Anil Ambani firm has asked the SC to dismiss Govt stand on gas dispute. ...
05:25 PM, Jul 18, 2009
The Oil Ministry wants to seek a nod for deregulating fuel prices. ...
04:19 PM, May 29, 2009
The industrialist-politician finally exorcised the oil Ministry ghost. ...
09:46 PM, May 28, 2009
The allotment was made by Petroleum Ministry at an official function. ...
01:13 AM, Feb 02, 2009
Petrol and diesel prices were last reduced in December. ...
06:55 PM, Jan 13, 2009
Bridgetown: The pace-spin combine of Shami Ahmed and Rahul Sharma shared six wickets as India 'A' bowled out West Indies 'A' for 252 on the opening day of their four-day unofficial Test at the Kensington Oval here. It took the Indians 87.3 overs to send the the host team back to the pavillion and make a dominating start in the three-match series. Wickets tumbled at regular interval and had it...
02:20 AM, May 29, 2008
New Delhi: Pakistan limited-overs opener Nasir Jamshed has been ruled out of his countrys tour of Sri Lanka next month with a fractured left index finger. Jamshed who has played 16 ODIs since making his international debut in 2008 had been named in Pakistans ODI squad for the upcoming tour but is now expected to be ruled out for four to six weeks. The 22-year-old had been key to Pakistan...
01:57 AM, May 24, 2008
Petroleum Minister Murli Deora says there will be hike in fuel prices if Indian crude basket crosses $71/bbl. ...
09:38 AM, Sep 01, 2006
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