Latest News for: Oil ministry

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Australia Joins G7 in Capping Russian Oil Price - Foreign Ministry

Urdu Point 07 Dec 2022
MOSCOW (UrduPoint News / Sputnik - 07th December, 2022) Australia joined the restrictions on Russian oil prices imposed by the G7 countries, the Australian Foreign Ministry said on Wednesday ... The price cap is designed to maintain a reliable supply of oil to the global market while reducing the revenue Russia earns from oil," the ministry said.
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Retired BPCL chairman Arun Kumar Singh appointed ONGC head

Financial Express 07 Dec 2022
A search-cum-selection committee, constituted by the oil ministry, zeroed in on Singh after interviewing six candidates on August 27 ... Since then, the firm has seen a record three interim heads.Singh became eligible for consideration for the job after the oil ministry relaxed age-related criteria.
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Retired BPCL chairman Arun Kumar Singh appointed ONGC headONGC is without a regular chairman and ...

Deccan Herald 07 Dec 2022
Oil and Natural Gas Corporation (ONGC) is India's top oil and gas producer ... A search-cum-selection committee, constituted by the oil ministry, zeroed in on Singh after interviewing six candidates on August 27 ... Singh became eligible for consideration for the job after the oil ministry relaxed age-related criteria.
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Ministry wants lowest environmental protection tax on fuels in 2023

The Saigon Times 07 Dec 2022
The ministry prepared the resolution, which maintains the environmental protection tax rates for oil products for the year 2023 at the floor levels of the current tax bracket ... oil and grease in 2023 proposed recently by the Ministry of Finance.
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Iraq’s ‘Theft of the Century’: Plotters Targeted Chinese and Russian Oil Companies

GlobalResearch 07 Dec 2022
The alleged plotters, who also included officials at the Ministry of Justice, targeted tax deposits paid by the oil companies to the Iraqi General Commission of Taxes (IGCT) in what investigators now believe was a prelude to the so-called “theft of the century” ... Foreign oil ...
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Xi to Visit Saudi Arabia to Boost Relations in the Middle East

Caixin Online 07 Dec 2022
... in the capital Riyadh, according to the Chinese foreign ministry. The visit, Xi’s first to the world’s biggest crude oil exporter since 2016, is at the invitation of Saudi Arabia’s King Salman bin Abdulaziz Al Saud, ministry spokesperson Hua Chunying said in a statement Wednesday.
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Syria to close government agencies for 2 days amid fuel crisis

Gulf News 07 Dec 2022
On Monday, the Ministry of Internal Trade almost doubled fuel prices to reach 5,400 pounds (93 cents) for a liter of diesel while gasoline reached 4,900 pounds (84 cents) ... Syria’s oil ministry says government-controlled areas now produce about 80,000 barrels a day ... Iran retaliated by seizing two Greek oil tankers in May and released them last month.
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Libya accuses Greece of imposing ‘fait accompli’ on maritime border

Anadolu Agency 07 Dec 2022
In a statement, the Libyan Foreign Ministry decried Greece’s "irresponsible behavior" of striking a deal with international companies to start research and exploration for oil and gas in the Libyan-Greek maritime borders.
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Libya accuses Greece of imposing 'fait accompli' on maritime border

Middle East Monitor 07 Dec 2022
In a statement, the Libyan Foreign Ministry decried Greece's "irresponsible behaviour" of striking a deal with international companies to start research and ...
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BPCL ex-chief Arun Singh is ONGC chairman

The Times of India 07 Dec 2022
A search-cum-selection committee set up by the oil ministry recommended his name for the ONGC top job after interviewing six candidates on August 27 ... In his nearly 38 years of experience in oil and gas industry, he has headed business units and entities in BPCL such as retail, LPG, pipelines and supply chain optimisation.
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Venezuela's PDVSA, Chevron to address joint venture workers after license

Reuters 07 Dec 2022
The meeting with workers, which will take place at the joint oil project Petropiar in the Orinoco Belt, will communicate new managers and explain maintenance work and operational improvements to be done to facilities in the near term, the people said ... PDVSA and Venezuela's oil ministry did not immediately reply to a request for comment.
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UK finance minister Hunt to attend meeting with North Sea execs -sources

FX Empire 07 Dec 2022
LONDON (Reuters) – British finance minister Jeremy Hunt will attend a meeting on Friday with leaders of North Sea oil and gas producers to discuss the government’s windfall tax, three industry sources told Reuters on Wednesday ... Britain’s finance ministry did not immediately respond to a request for comment by email.
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UAE 9-month non-oil trade soars 19% to $435.6bn

Gulf Daily News 07 Dec 2022
A report by the Ministry of Economy on the country’s non-oil foreign trade for the first nine months of this year showed that non-oil exports maintained their strong performance during this period, amounting to AED275 billion, an increase of 9 percent compared to the same ...
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RBI allows resident entities to hedge gold price risks at IFSC

Financial Express 07 Dec 2022
Follow Us. Resident entities from India will now be permitted to hedge gold price risks at the International Financial Services Centre, RBI Governor Shaktikanta Das said on Wednesday ... Also read. Gold Price Today, 7 Dec 2022 ... OPEC+ oil producers face uncertainty over Russian sanctions. Edible oil prices to decline further, says food ministry ... Also read ... .

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