Cairn India would engage in oil production in the fields of Rajasthan. It will produce up to 71 per cent more oil as per the statement of a top company executive. Cairn India is a subsidiary of the UK-based Cairn Energy which is operating in Indian region. Cairn Energy is also keen to expand its business in new territories such as Greenland. It has 50,000 square kilometers in Greenland and expecting more number of blocks in forthcoming months.
Karachi, Aug 28 : The CNG (compressed natural gas) is sold in Pakistan at more than double the rate of what it is sold at in India, despite the fact that the former is a producer of the fuel and the latter is an importer, said Sindh Bar Council’s (SBC) Human Rights Committee chairman, Adv Aqil Lodhi in a press statement.
He said while in Pakistan CNG is sold at Rs 22 per kg, it is sold at Rs 44.50 in India, and also called for a reduction of the price of CNG to Rs 27.50 per kg.
ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, has agreed to acquire LSE-listed Imperial Energy Corporation plc for approximately £1.4 billion (about Rs 11,400 crore).
Under the terms of the share offer, Imperial Energy shareholders will be entitled to receive 1,250 pence in cash for each Imperial Energy share held.
Islamabad, Aug 27: If sources in Pakistan Petroleum Ministry are to be believed, Balochistan has demanded its share in the transit fee for the part of the proposed Iran-Pakistan-India (IPI) gas pipeline to be passed through the province.
The demand was made during a top-level meeting on August 18, the Daily Times quoted the sources as saying.
Baloch leaders have for long accused the successive federal government of adopting a step-motherly treatment in allocating development funds for the area.
London, Aug 27 : Cairn India, a subsidiary of the UK-based Cairn Energy, may produce up to 71 per cent more oil from the Rajasthan field and is close to securing the credit lines that will ensure sufficient funding is in place to start production next year.
The Rajasthan field is the largest oil find in the country after Oil and Natural Gas Corporation’s (ONGC) Bombay High discovery in 1974. ONGC holds 30 per cent in the block.
Chief Executive Sir Bill Gammell said the company “is on track to deliver crude oil from Rajasthan in the second half of 2009.”
Karachi, Aug 28 : The CNG (compressed natural gas) is sold in Pakistan at more than double the rate of what it is sold at in India, despite the fact that the former is a producer of the fuel and the latter is an importer, said Sindh Bar Council’s (SBC) Human Rights Committee chairman, Adv Aqil Lodhi in a press statement.
ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, has agreed to acquire LSE-listed Imperial Energy Corporation plc for approximately £1.4 billion (about Rs 11,400 crore).
Islamabad, Aug 27: If sources in Pakistan Petroleum Ministry are to be believed, Balochistan has demanded its share in the transit fee for the part of the proposed Iran-Pakistan-India (IPI) gas pipeline to be passed through the province.
