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On 24 April 2008, Pakistan, India and Afghanistan signed a framework agreement to buy natural gas from Turkmenistan. [13] The intergovernmental agreement on the pipeline was signed on 11 December 2010 in Ashgabat. [14] However, in April 2012, India and Afghanistan have failed to agree on transit fee for gas passing through Afghan territory.
Indian Gas Exchange (IGX) is a wholly owned subsidiary of IEX, which involves in trading spot and forward contracts of Gas. [6] The exchange has over 500 registered clients and 15 members. It currently operates from three physical hubs — Hazira, Dahej and KG Basin. [7]
The Indian Oil Group owns and operates 11 of India's 23 [29] refineries with a combined refining capacity of 80.7 million tonnes per year. [30] 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 Indian basket of Crude Oil represents a derived basket comprising Sour grade (Oman and Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries. During the year 2018-19, the ratio is 75.50 : 24.50 (Dubai : Brent respectively) [2] and during the year 2017-2018, the ratio was 74.77 : 25.23 (Dubai : Brent).
Under the new policy, oil and gas companies will pay higher bonding rates to cover the cost of plugging abandoned oil and gas wells as well as increased lease rents, minimum auction bids and ...
Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian public sector company responsible for maintaining the country's strategic petroleum reserves. ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas .
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas .
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in Chennai, India.