Dar, during his visit to the US last month, had a meeting with the officials of the US State Department in which the matter of oil purchase from Russia was discussed. Citing India's example, the Pakistani minister said that the ministry will try to purchase oil from Russia on similar terms.
The US on Tuesday (local time) said that India should decrease its dependence on Russia and reiterated that the US is committed to working with India on its transition away from Russia.
Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri on Monday in an interview with CNN reiterated that India is under no moral conflict to stop buying oil from Russia.
New Delhi [India], September 13 (ANI): Domestic edible oil industry body Solvent Extractors' Association of India requested financial market regulator SEBI to resume futures trading of internationally traded commodities such as crude soybean oil and crude palm oil.
New Delhi [India], August 23 (ANI): India's crude oil production stood at 2453.19 thousand metric tonnes (TMT) in July 2022, which is 3.76 per cent lower than the production of July 2021 and 5.57 per cent down when compared with the target for the month, according to the official data releas
New Delhi [India], August 3 (ANI): Ranjit Rath has taken over as new Chairman and Managing Director (CMD) of Oil India Limited (OIL), the country's second-largest public sector exploration and production company, according to an official statement released on Wednesday.
New Delhi [India], July 20 (ANI): Soon after the government announced the reduction in windfall tax on crude oil, the share prices of major oil companies have gone up.
New Delhi [India], June 17 (ANI): Crude oil production in India rose by 4.6 per cent year-on-year to 2550.05 thousand metric tonnes (TMT) in May helped by a sharp jump in the production by Oil and Natural Gas Corporation (ONGC), the government data showed on Friday.
New Delhi [India], May 27 (ANI): Oil India Limited (OIL) has posted a net profit of Rs 3,887.31 crore for the year ended March 2022, which is 123.20 per cent higher when compared with Rs 1741.59 crore profit recorded in the previous year.
New Delhi [India], May 24 (ANI): India's crude oil production fell by 0.95 per cent year-on-year to 2,469.67 thousand metric tonnes (TMT) in April due to lower output from fields operated by private firms, the government data showed on Tuesday.
Dibrugarh (Assam) [India], April 25 (ANI): Oil India Limited's headquarter in the Dibrugarh district of Assam witnessed a ransomware attack which lead to the shutting down of the company's computer and IT systems.
New Delhi [India], April 20 (ANI): India's crude oil production in March 2022 fell to 2,526.11 thousand metric tonnes (TMT), which is 12.49 per cent lower than the target for the month and 3.37 per cent lower than the output recorded during the same month in 2021, the government data showed