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On 24 April 2008, Pakistan, India and Afghanistan signed a framework agreement to buy natural gas from Turkmenistan. [17] The intergovernmental agreement on the pipeline was signed on 11 December 2010 in Ashgabat. [18] However, in April 2012, India and Afghanistan have failed to agree on transit fee for gas passing through Afghan territory.
This type of fee is used in Brazil [5] for the exploration phase, [6] and for large production volumes, named "Occupation or Retention Fees". [7] In the Norwegian fiscal regime, it is known as area rental fee and is only paid for "passive licenses", and for exploration areas before a Plan for Development and Operations is submitted to the ...
Petroleum licensing or exploration license is the act of giving licenses (geographical areas at land or sea) to a company or a joint venture allowing them to search for commercially feasible deposits for the extraction of petroleum.
The Vizhinjam International Seaport in Thiruvananthapuram is located approximately 11 nautical miles [63] from this route, which is used for the transportation of oil, liquefied natural gas (LNG), and other goods from the Gulf region to Asia.
Paradip Refinery is an oil refinery set up by Indian Oil Corporation in Paradip town in the state of Odisha. It was commissioned in 2016 with an installed capacity of 15 million tonnes per year. [1] This refinery is spread over approximately 3,345 acres of land and is situated approximately 5 km southwest from the Paradip Port. [2]
Usually, the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a Multi National Corporation (MNC). In December 2022, Union Minister of State for Electronics and IT Rajeev Chandrasekhar, in a written reply to a question in Rajya Sabha informed that Special Economic Zones ...
The Indian Oil Group owns and operates 11 of India's 23 [27] refineries with a combined refining capacity of 80.7 million tonnes per year. [28] Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km.
The oil and gas industry operates in countries throughout the world in accordance with a number of different types of agreements. These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts.