Rituparna Nath

India turns to Non-OPEC nations to replace Iran oil

Apr 24 2019

India is in talks with Non-OPEC producers like the US and Mexico to replace Iranian crude. Top officials in the Ministry of Petroleum and Natural Gas tell BTVI that the move follows the recent decision of US President Donald Trump to discontinue Significant Reduction Exemptions (SREs) to all nations purchasing crude from Iran.

Vedanta Renews Production Sharing Contract To Revive Ravva Field

Apr 16 2019

Vedanta Resources has renewed its Production Sharing Contract with the government for its Ravva block in the Krishna-Godavari basin, highly placed sources have confirmed to BTVI.

Cairn awaits Govt nod for fresh search at Ravva oil & gasfields

Feb 14 2019

Highly placed sources told BTVI the delay happened because Cairn India, a subsidiary of Vedanta Resources, is yet to sign its renewal of Production Sharing Contract (PSC) with the government.

India Initiates Talks With US For Extension Of Iran Oil Sanctions Waiver

Feb 11 2019

India has once again initiated talks with the U.S to seek an extension of the waiver it received last November, to continue importing crude oil from Iran. "The waiver is up for renewal in April and it is premature to comment on its renewal yet", a senior government official told BTVI, who did not wish to be named.

Can we have cheap LPG?

Jan 05 2019

The price of each imported LPG cylinder after taking into account freight costs of the gas from Gulf to Jamnagar is Rs.459.92. The non-subsidised cylinder, however is sold at a whopping Rs. 698.

Modi has a pain balm for troubled farmers

Dec 28 2018

The government is all set to announce a big relief package for farmers by boosting its crop insurance scheme. The PMO, which is closely working on the scheme and monitoring its progress, is also discussing a set of proposals with Agriculture Ministry and NITI Aayog officials to help farmers cope with their debt burden.