Common man will be insulated from oil price shocks: DeoraSeptember 30th, 2009 SURAT - The government will ensure that the common man will not be affected by the volatility in global energy prices, Petroleum Minister Murli Deora said here Wednesday. Deora was in this Gujarat city as a part of a series of "meet the people" with local dealers, senior state government officials and representatives of oil companies to discuss matters relating to supply and distribution of petroleum products.
China interested in IPI, India can rejoin: Iranian envoySeptember 15th, 2009 NEW DELHI - With India going slow on the tri-nation gas pipeline, Iranian ambassador to India Seyed Mehdi Nabizadeh Tuesday said China is interested in the proposed multi-billion project but left the door open for New Delhi to rejoin the peace pipeline. The Iranian envoy, however, remained quiet on whether Iran is holding talks with China over the tri-nation pipeline involving Iran, India and Pakistan.
India quits Iran gas pipeline deal, says Pakistani diplomatSeptember 6th, 2009 TEHRAN -) India has exited from a gas pipeline deal it earlier planned with Iran and Pakistan, Mehr news agency reported citing a Pakistani diplomat. India definitely quitted the IPI (India-Pakistan-Iran) gas pipeline deal, the report said citing Pakistani ambassador to Iran, Muhammad Bux Abbasi, as saying here Sunday.
ONGC Videsh submits development plan for Iranian gas fieldJuly 27th, 2009 NEW DELHI - ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corp (ONGC), has submitted a proposal to Iranian authorities for developing a gas field in that country, the government said Monday. Petroleum and Natural Gas Minister Murli Deora told parliament that the oil giant had submitted the master development plan for the Farzad-B gas field to the Iranian Offshore Oil Co.
We will roll back price hike if crude prices stabilize: DeoraJuly 9th, 2009 NEW DELHI - Union Minister of Petroleum and Natural Gas Murli Deora on Thursday said that government will roll back the price hike of Rs 4 and Rs 2 a-litre on petrol and diesel respectively, if international crude oil prices stabilise between 50 to 60 dollars a barrel. "Yes, we will cut prices if crude prices stabilise for sometime between 50 and 60 dollars per barrel," Murli Deora said.
Petrol prices hiked by Rs. 4 a litre; diesel up Rs. 2July 1st, 2009 NEW DELHI - The Centre on Wednesday announced a rise in the price of petrol and diesel by Rs. 4 and Rs.2 per litre, respectively.
Expedite gas pipeline construction: DeoraJune 10th, 2009 NEW DELHI - With India's gas production set to double in a few months, the construction of a pipeline network should keep pace to enable its equitable distribution, Petroleum Minister Murli Deora said Wednesday. Speaking at a meeting with Petroleum and Natural Gas Regulatory Board officials, Deora said both the ministry and the regulator should work together to expedite the construction of trunk pipelines.
Pakistan to be supplied with 8 billion cubic metres of Iranian gas annuallyMay 29th, 2009 NICOSIA - Iran and Pakistan on Thursday signed in Tehran a deal for the supply of eight billion cubic meters of natural gas annually under an agreed price formula which has not been disclosed. Representatives of the two countries also signed an initial agreement for the construction of the Iran-Pakistan-India (IPI) gas pipeline, which is expected to cost more than 7.5 billion dollars and has been dubbed "The Peace Pipeline."
It is expected that gas deliveries will start in three to four years.
Murli Deora to seek Cabinet approval for market-set fuel pricesMay 29th, 2009 NEW DELHI - Petroleum and Natural Gas Minister Murli Deora on Friday said he would seek Cabinet approval for oil price deregulation in six weeks. "Decision regarding decontrol of prices is to be taken by the Cabinet," Deora told reporters in response to a question.
Murli Deora takes charge in petroleum ministryMay 29th, 2009 NEW DELHI - Congress leader Murli Deora took charge as the union minister for petroleum and natural gas Friday morning and announced a new scheme for distribution of liquefied petroleum gas (LPG) in villages. When asked about auto fuel deregualtion, Deora told reporters that the matter was under consideration and no time frame had been set.
Iran says India can still join gas pipeline dealMay 26th, 2009 TEHRAN - India can still join the Iran-Pakistan-India (IPI) gas pipeline project, the Iranian foreign ministry said, a day after Islamabad and Tehran signed a pact on the export of Iranian gas. "Up to now, no Indian official has stated his countrys withdrawal from the project and we hope they make their decision soon, Hojjatollah Ghanimifard, the representative of Iranian oil minister to the IPI talks, said Monday.
Iran, Pakistan sign gas supply dealMay 25th, 2009 TEHRAN - Tehran and Islamabad have signed a deal for supplying Iranian gas to Pakistan, IRNA reported. As part of the plan a pipeline will be laid between the two countries through which Iran would supply natural gas to Pakistan.
No immediate cut in diesel price: DeoraFebruary 26th, 2009 NEW DELHI - The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here Wednesday. 'As of now, there is no plan to cut prices.
Oil prices may be cut in two weeks: DeoraJanuary 6th, 2009 NEW DELHI - Petroleum Minister Murli Deora Wednesday said the government may slash fuel prices further in 'two to three weeks'. The government had earlier lowered the petrol price by Rs.5 and diesel by Rs.2 per litre in the first week of December 2008.
Cooking gas, petrol prices to be cut shortly: DeoraDecember 28th, 2008 KOCHI - Prices of liquefied petroleum gas (LPG) and other petroleum products would go down shortly, Minister for Petroleum and Natural Gas Murli Deora said here Monday. Speaking at a function to honour Hybee Eden, the newly elected president of the National Students Union, the students wing of the Congress party, at KOchi, Deora said the central government was seriously considering further cut in the prices of petroleum products.