Tag Archives: Oil

Daily Current Affairs – 7th April 2017

Daily Current Affairs - 7th April 2017

Following are the Current Affairs for 7th April 2017: National/Entertainment 1. 64th National Film Awards – Winner List The 64th National Film Awards were announced in which the Directorate of Film Festivals presented its annual National Film Awards to honor the best films of 2016 in the Indian cinema. The awards ceremony will be held on 3 May 2017 in India. Here ...

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Cabinet approves revision of Ethanol price for supply to Public sector Oil Marketing Companies

Cabinet approves revision of Ethanol price

The Cabinet Committee on Economic Affairs, has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies (OMCs) to carry out the Ethanol Blended Petrol (EBP) Programme in the following manner: For the next sugar season 2016-17 during ethanol supply period from 1st December, 2016 to 30th November, 2017, the administered ethanol price for ...

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Cabinet approves acquisition of 11 percent stake in JSC Vankorneft by ONGC Videsh Limited

Acquisition of 11 percent stake in JSC Vankorneft by ONGC Videsh Limited

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to an acquisition by ONGC Videsh Limited (OVL) for 11% stake in JSC Vankorneft from M/s Rosneft Oil Company (Rosneft), the National Oil Company (NOC) of Russian Federation (Russia). Rosneft operates Vankor fields, with Vankorneft, its wholly owned subsidiary. Details about the ...

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Jharkhand becomes 1st state to launch Direct Benefit Transfer in Kerosene Subsidy

Jharkhand becomes 1st state to launch Direct Benefit Transfer in Kerosene Subsidy

Jharkhand has become the first state in the country to implement Direct Benefit Transfer (DBT) in Kerosene Subsidy in four identified districts namely, Chatra, Hazaribagh, Khunti and Jantara from 1st October, 2016. Under the DBTK Scheme, PDS kerosene is being sold at non-subsidised price, and, subsidy, as admissible, is being transferred to consumers directly into their bank accounts. This initiative ...

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Acquisition of stake in Russian oil companies by Indian Consortium approved

Underground Oil Rig

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to an Indian Consortium comprising of Oil India Limited (OIL), Indian Oil Corporation Limited (IOCL) and Bharat Petro Resources Limited (BPRL) for acquisition of 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from M/s Rosneft Oil Company (Rosneft), ...

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