Indian private refiner Essar Oil has partly restarted its fuel stations in the country following sharp fall in crude oil prices.

Nicosia, Oct 20: Reza Kasaizadeh, the new Head of the National Iranian Gas Export Company (NIGEC), has said that Iran’s three major gas projects - the Iran LNG, the Pars LNG and the Persian LNG - will be completed by the end of 2014.

The state owned oil producer, Oil and Natural Gas Commission (ONGC) would go for acquisition of UK-listed Imperial Energy.

The Chairman and managing director of ONGC, R S Sharma said that there in no change in its earlier plans of USD 2.59 billion to bid for imperial. The company maintains a good balance sheet, and it has enough financial resources to fund the acquisition.
 
It is to be noted that crude oil rates are declining in the international market and some quarters expected scrap of bid by state owned oil giant.

Bratislava - Slovakia wants to buy back a 49-per-cent share in the country's chief gas supplier SPP from E. ON Ruhrgas and Gaz de France, Slovak Prime Minister Robert Fico said Friday.

The state would pay around 130 billion Slovak koruny (5.7 billion dollars) for the stake.

Slovakia sold the minority stake in SPP in 2002, under the previous government of pro-market premier Mikulas Dzurinda. As part of the deal, the foreign investors received a majority on firm's board.

New Delhi, Oct.17: Petroleum Secretary R S Pandey has mooted formation of a nodal agency to facilitate talent development in the Indian oil and gas industry.

Addressing a brainstorming session in the capital on Friday, Pandey said this nodal agency should consist of representatives from industry, academia and government along with representatives of the Oil Industry Development Board (OIDB).

Pandey also advised the creation of a cell in his Ministry to support and process all relevant points where government actions are necessary.

He said that the nodal agency needs to be suitably empowered to effectively develop skilled manpower for the oil and gas sector.