Oil India strikes natural gas in Andaman offshore block, Hardeep Singh Puri reacts
Oil India said that the drilling work was carried out at a depth of more than 1,900 metres in the Eocene formation.
Oil India said that the drilling work was carried out at a depth of more than 1,900 metres in the Eocene formation.
Sanjay Malhotra said the rising energy prices due to the ongoing Iran war were testing India's flexible inflation targeting. This necessitates potential policy intervention by the central bank.
Union Petroleum Minister Hardeep Singh Puri said India has enough crude and LPG in its stock.
The Minister categorically stated that retail fuel prices in India have remained unchanged over the last four years despite mounting geopolitical pressures and global market volatility.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has stated that Gujarat has emerged as India’s ‘Energy Capital’ and the country’s ‘Natural Gas Gateway.’
Petroleum Minister Hardeep Singh Puri on Thursday highlighted the role of Public Sector Enterprises (PSEs) in driving India’s remarkable growth story as the country is headed to become the third largest economy in the world.
Puri was addressing the 12th Public Sector Enterprises (PSE) Summit, organised by Confederation of Indian Industry (CII) in New Delhi.
“India did the entire world a favour by buying Russian oil because if we had not done so, the global oil prices would have skyrocketed to $200/barrel,” the minister said on X on Thursday.
Addressing ENRich 2024, KPMG’s Annual Innovation and Energy Conclave, he underscored the pivotal role of artificial intelligence (AI) in transforming the energy sector.
The Minister cited global factors such as the war in the Middle East and voluntary cuts in oil production, which are influencing the oil prices in the global market.
