During the last fiscal, the company also reported the highest-ever pipeline throughput of 8.19 million tonne. Also, the highest-ever turnover of Rs 23,272.57 crore, a jump of 60.17 per cent year-on-year, according to a statement from the ministry of petroleum and natural gas.
Oil India Ltd CMD Ranjit Rath on Monday said, "There are lots of areas in the northern bank of Brahmaputra in Assam where exploration for crude oil and natural gas will be started."
The Assam Gas Company Limited and Oil India Limited have signed an agreement for the establishment of a joint venture company with the mandate to lay, build and operate city natural gas distribution networks in parts of Assam and Tripura.
A Memorandum of Understanding (MoU) was signed between Government of Himachal Pradesh and Oil India Limited (OIL) to establish a framework for cooperation in harnessing and developing new and renewable energy sources (NRES) in the State
Addressing the nation in a video message, he said, "We wanted to get cheap Russian crude oil just like India but that could not happen as unfortunately, my government fell due to a no-confidence motion."
The new guidelines are intended to ensure a stable pricing regime for domestic gas consumers while at the same time providing adequate protection to producers
Gatik Ship Management is among the most active of the upstart companies that have snapped up aging oil tankers to replace Western-owned ships no longer dealing with Russia, the WSJ said. That parallel fleet is helping Moscow get crude to buyers in Asia, the Journal added.
As the world sits on the brink of a third world war amid the ongoing Ukraine conflict, two military superpowers of the world - US and Russia are claiming India to be its ally.
Amid Prime Minister Narendra Modi and Russian President Vladimir Putin's review of bilateral ties, including energy cooperation, in a phone conversation, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Friday that Russia has become a prominent crude oil supplier to India