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Searched Tag: crude oil

Crude petroleum windfall tax slashed to ₹3,250/ton

June 15, 2024, 12:54 PM - 2 min read

India first imposed windfall profit taxes on July 1, 2022, joining a host of nations that tax supernormal profits of energy companies.

"Stable" and "very friendly" relationship with Russia, says EAM justifying procurement of Russian crude

February 20, 2024, 07:08 PM - 2 min read

Drawing a distinction between India's historical ties with Russia and Europe's current stance, Jaishankar asserted that just as India respects Europe's perspective on China, Europe should reciprocate regarding India's relationship with Russia.

Government of India will lease out space in the underground rock caverns to domestic and international firms to store oil

India to lease out strategic underground oil storages to local, global firms

February 6, 2024, 06:44 PM - 2 min read

Adnoc has already hired half of the 2.5 million tonnes storage capacity at Padur and 1.5 million tonnes facility at Mangalore. While the remaining 1.25 million tonnes at Padur has been filled by ISPRL, 0.75 million tonnes of vacant storage at Mangalore will be leased out, ISPRL CEO and Managing Director LR Jain told reporters on the sidelines of India Energy Week.

The Union Cabinet on Friday approved signing of a 5-year memorandum of understanding with Guyana cooperation in the hydrocarbon sector including sourcing of crude oil.

India to sign MoU with Guyana for buying crude oil

January 5, 2024, 05:07 PM - 2 min read

The Union Cabinet on Friday approved signing of a 5-year memorandum of understanding with Guyana for cooperation in the hydrocarbon sector including sourcing of crude oil.

Crude petroleum windfall tax slashed to ₹3,250/ton

"Stable" and "very friendly" relationship with Russia, says EAM justifying procurement of Russian crude

India to lease out strategic underground oil storages to local, global firms

India to sign MoU with Guyana for buying crude oil

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