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New Delhi, April 11, 2016
\"Petroleum Minister Dharmendra Pradhan conveyed to the Iranian side that Indian companies could invest up to $20 billion and were interested in setting up petrochemical and fertiliser plants, including in the Chabahar SEZ, either through joint venture between Indian and Iranian public sector companies or with private sector partners,\" the statement said.

Vadodara, April 7, 2016
The Centre will provide 1.5 crore gas connections to women members of Below Poverty Line (BPL) families during the current fiscal, Petroleum Minister Dharmendra Pradhan has said.

Tokyo, April 6, 2016
MSCI's broadest index of Asia-Pacific shares outside Japan was barely in positive territory after falling to its lowest level since March. 16. Overnight, it dropped 1.6 per cent, its biggest fall in almost two months.

Singapore, March 30, 2016
Oil futures rebounded in Asian trade on Wednesday, buoyed by a forecast for a less than expected build in crude oil stockpiles last week.

By Anilesh S. Mahajan
Delhi, March 27, 2016
Experts say giving explorers freedom to price gas gives India a chance to exploit the current low global prices of services for exploring 28 basins with 260 trillion cubic feet (tcf) recoverable shale gas, 20 tcf natural gas, and other resources.

Joe C. Mathew
Delhi, March 28, 2016
India's export concerns have experts worried as the world economy remains sluggish. However, it is time for the industry to reinvent itself and become more competitive.

Singapore, March 17, 2016
Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels, even if Iran declines to participate, OPEC sources said on Wednesday.

Mail Today Bureau
New Delhi, March 17, 2016
Russia's national oil company Rosneft, which needs to pay off debts incurred in its $55-billion acquisition of TNK-BP in 2013, is selling almost half of its most promising assets to Indian firms in the deal.

Naveen Mathur
March 12, 2016
On a fortnightly basis, global equity markets traded on a positive note after the Chinese regulators slashed the reserve requirement ratio by 50 basis points for all banks from March 1, 2016.

New Delhi, March 11, 2016
Petroleum Minister Dharmendra Pradhan said the new oil and gas exploration policy will now be based on a revenue-sharing model, as opposed to cost-and-output-based norms earlier.

New Delhi, March 10, 2016

By Prosenjit Datta
Delhi, March 5, 2016
The finance minister appears to have done an admirable job with limited resources, but a closer reading of the revenue estimates and expenditure plans has experts worried.

Tokyo, March 2, 2016
Oil prices dropped on Wednesday in the wake of industry data that showed a huge build in US crude stockpiles.

New Delhi, February 29, 2016
The Finance Minister Arun Jaitley today widened the duty drawback scheme to extend more support to the export sector.

Singapore, February 24, 2016
Iran made clear it has no interest in restraining its production after international sanctions against it were lifted in January, calling a joint Russian/Saudi proposal for major exporters to freeze output \"laughable.\"

February 22, 2016
The spending pressure on Finance Minister Arun Jaitley threatens to worsen imbalances in $2 trillion economy as consumption outpaces investment, undermining Prime Minister Narendra Modi's promise of better jobs for its 1.3 billion people.

New York, February 20, 2016
A slide in the US equity markets, which have for weeks been trading in tandem with oil, also weighed on crude, traders said. Brent crude settled $1.27, or 3.7 percent, lower at $33.01 a barrel.

Singapore, February 19, 2016
US crude inventories rose by 2.1 million barrels last week, to a peak of 504.1 million barrels, the third week of record highs in the past month, data from the US government's Energy Information Administration (EIA) showed on Thursday.

February 16, 2016
Top oil officials from Saudi Arabia, Russia and several key OPEC members will meet on Tuesday for their highest-level discussion in months, a pivotal sign that producers are preparing to tackle a devastating supply glut.

Tokyo, February 15, 2016
The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached.

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