Daily Archives: November 10, 2020

10 Nov – Govt invites foreign investment in India’s strategic petroleum reserves

  India has invited global firms to invest in its strategic petroleum reserves (SPRs) as the nation’s energy consumption growth would be fastest among large economies in coming decades, oil minister Dharmendra Pradhan told a conference on Monday.India’s share in global energy consumption is set to rise from 7% to 12% in 2050, Pradhan told…

10 Nov – Oil regulator gives up to 251 days more to IOC, Adani Gas, others to complete work

    Oil sector regulator PNGRB has given up to eight-and-a-half months of extra time to companies such as Indian Oil Corporation (IOC), GAIL and Adani Gas to fulfil their city gas project rollout commitments that had been impacted by COVID-19 lockdowns.   On November 5, the Petroleum and Natural Gas Regulatory Board (PNGRB) issued…