Latest News for: Oil ministry


Cabinet approves Deregulation of Sale of Domestically Produced Crude Oil (Ministry of Petroleum and Natural Gas of the Republic of India)

Public Technologies 29 Jun 2022
) Ministry of Petroleum & Natural Gas. Cabinet approves Deregulation of Sale of Domestically Produced Crude Oil ... The condition in the Production Sharing Contracts (PSCs) to sell crude oil to Government or its Nominee or Government Companies shall accordingly be waived off.

Islamabad mulls to procure Russian oil

The News International 29 Jun 2022
The Pakistan government is mulling purchasing oil from Russia at a cheaper rate ... In view of the ongoing economic crisis and acute shortage of fuel in the country, the Pakistan government is mulling to procure oil from Russia at a cheaper rate. The Ministry of Energy has asked industrial experts to provide analysis for importing oil from Russia.

China reaffirms subsidy to refiners if oil hits above $130

Reuters 29 Jun 2022
The subsidies will be measured based upon the actual sales volume of gasoline and diesel and the handouts will initially last for two months before further announcements if oil prices are consistently above $130, the ministry said.

China to subsidize fuel prices should oil exceed $130

Anadolu Agency 29 Jun 2022
China will not increase fuel prices in the country if oil prices exceed $130 on the global market, but instead will subsidize them, the finance ministry announced Wednesday ... China will apply a progressive price subsidy for refineries if crude oil prices on the ...

Govt deregulates sale of domestically-produced crude oil

Business Line 29 Jun 2022
At present, the Ministry of Petroleum & Natural Gas (MoPNG) takes the call on how much crude oil is ...

Alaska governor outlines finalized state budget

McDowell News 29 Jun 2022
Mike Dunleavy announced a finalized state budget Tuesday that he said will pay off the state's lingering oil and gas tax credits and invest in areas such as public safety, education and infrastructure ... McDowell Mission Ministries’ leader reacts to decision by county commissioners to cut funding McDowell County Commissioners adopt budget.

Policy on toxic waste management okayed

The News International 29 Jun 2022
"The National Hazardous Waste Management Policy made by the climate change ministry will help control movement of toxic material, including plastics, hospital waste, oil, batteries, and electronic waste and will lead to the development of the toxic waste classification and disposal mechanisms," the minister told a presser here.

Knowledge-based firms to collaborate in developing 750 oil fields

Tehran Times 29 Jun 2022
TEHRAN – Iranian Oil Ministry is going to use the capabilities of the country’s knowledge-based companies to implement a program for improving the recovery factor of 750 oil fields across the country ... .

Russia approves tax exemptions for issuers of cryptocurrency

Cryptoslate 29 Jun 2022
However, there is growing evidence that the sanctions are hurting “unfriendly nations” more, especially in the restricted supply of oil, gas, and wheat ... The Kremlin said it has the means to meet its obligations thanks to oil and gas revenue. The Finance Ministry further ...

Ecuador confirms soldier killed in attack on fuel convoy

Reuters 28 Jun 2022
The convoy was accompanying 17 diesel tankers from the Shushufindi refinery to the ITT oil bloc in the Amazon region when they were attacked by a group of people carrying guns, the defense ministry said in a statement ... Over the weekend, the energy ministry said operations might have to be halted on Tuesday.

Protesters meet Ecuador govt after rejecting fuel price cut

Urdu Point 28 Jun 2022
Fuel prices, which are subsidized in oil-producing Ecuador, have risen sharply since 2020, almost doubling for diesel from $1 to $1 ... On Sunday, the ministry said oil production had reached a "critical" level and could be halted entirely within 48 hours if the protests continued.

Schlumberger will not apply for Iraqi Kurdistan oil tenders

The Arab Weekly 28 Jun 2022
In May Baghdaöd made a fresh attempt to control revenue from Kurdistan by asking oil and gas companies operating there to sign new contracts with state-owned marketer SOMO rather than the KRG ... The ruling also stated that the oil ministry must be allowed to audit all agreements the KRG concludes with oil and gas companies.

Oil prices climb on supply worries 28 Jun 2022
The oil rally came as traders kept a close eye on the supply side ... Elsewhere, Ecuador's Energy Ministry said Sunday that the country could suspend oil production in 48 hours if the nationwide indigenous protests and road blockades continue.

Pakistan’s fuel oil imports hit 4-year high as it struggles to buy LNG

The News International 28 Jun 2022
A spokesman for Pakistan’s energy ministry cited global prices as the reason for the surge in fuel oil imports ... While fuel oil-based power generation was relatively steady year-on-year, it climbed 15 percent in May from the previous month, data from Topline Research showed.

U.S. crude oil inventories down: API 28 Jun 2022
HOUSTON, June 28 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 3.799 million barrels of crude oil in U.S ... Elsewhere, Ecuador's Energy Ministry said Sunday that the country could suspend oil production in 48 hours if the nationwide indigenous protests and road blockades continue.

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