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Commercial Coal Mining

Methodology for auction of coal and lignite mines/blocks for sale of coal/lignite on revenue sharing basis was issued on 28.05.2020. Twenty coal mines have been successfully auctioned for sale of coal. Further, 67 coal mines have been offered in the current, ongoing tranche of auction for sale of coal. Auction of coal mines for sale of coal would create a market place ...

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Dharmendra Pradhan presides over a slew of initiatives around Compressed Bio Gas to give filip to SATAT scheme

Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today presided over a virtual ceremony in which a number of initiatives were launched to provide major fillip to the SATAT initiative, and help India leap ahead towards a greener tomorrow. This included signing of a Cooperation Agreement by Oil and Gas majors including IndianOil, HPCL, BPCL, GAIL ...

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Petroleum and steel sector companies facilitating 12,000 oxygenated beds at Covid care centres

Steel plants, across the country, belonging to the Public as well as the Private sectors, have been reguklarly supplying the life-saving Liquid Medical Oxygen (LMO) to the country. Under the guidance of the Minister of Steel and Petroleum and Natural Gas Shri Dharmendra Pradhan, they have undertaken a number of steps to fight the Covid-19 pandemic, and bring relief to ...

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Reducing Dependence on Import of Oil

Government is making all efforts to reduce import dependence. India’s oil and oil equivalent gas import dependence in 2014-15 and 2015-16 were 68.9% and 72.2% respectively and during current April-January, 2020-21 is 77.1%. The year wise details of crude oil imported and details of imports of crude oil as percentage of total crude oil processing are as below:   2015-16 2016-17 ...

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Demand of Domestic Petroleum Products

During April-January, 2020-21, Crude oil processing is 182.2 MMT i.e. 73% of total crude oil processing capacity (249.87 MMT).During 2020-21, the capacity utilisation of Indian refineries are lower due to lower demand on account of Covid-19 pandemic. The policy initiatives taken by the Government to reduce import dependency and increase domestic production of oil and gas include: – Policy for ...

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MoU signed for Paradeep Plastic Park between IOCL and IDCO

Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an agreement and a Memorandum of Understanding (MOU) to developParadip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan, Shri Naveen Patnaik, Chief Minister of Odisha and other dignitaries. Addressing ...

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Cabinet approves Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizer Corporation Limited, Assam

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi today accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam) to sustain operations of it’s urea manufacturing units. BVFCL, Namrup is a Public Sector Undertaking formed as per Companies Act, under the ...

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Compressed Biogas Plants

Government of India has launched Sustainable Alternative Towards Affordable Transportation (SATAT) initiative on 1.10.2018 to promote Compressed Bio Gas (CBG) as an alternative, green transport fuel for efficient management of biomass and organic waste includingmunicipal waste as well as from forest and agricultural waste including animal-husbandry and marine waste. This initiative envisages establishment of large number of CBG plants by ...

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Imports of Petroleum/Natural Gas

The share of crude oil imports and domestic crude oil production in the total crude oil processing/annual consumption of crude in the country during the last three years and current year are given below:-     (Quantity in Million Metric Tons (MMT) Particulars 2017-18 2018-19 2019-20 2020-21 (Apr-Dec)(P) Quantity of crude oil imports (MMT)-A 220.4 226.5 227.0 143.2 Quantity of domestic ...

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Shri Dharmendra Pradhan addresses USISPF-3rd annual leadership summit; Invites US companies to partner in Aatmanirbhar Bharat campaign

Minister of Petroleum and Natural Gas and Steel, Shri Dharmendra Pradhan today participated in the USISPF- 3rd Annual Leadership Summit on the theme of “Navigating New Challenges.” Minister Pradhan talked about the unprecedented impact of the Covid-19 pandemic on the global economy and the consequent energy demand contraction. He added that with the gradual pick up of economic activity in ...

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