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India should import more Iran oil: Oil Ministry

Last Updated: Monday, September 23, 2013, 18:53

Oil accounts for about a third of India's total imports and higher dollar prices combined with a rupee near all-time lows have increased its cost, adding pressure to a bloated current account deficit.

BP asks Oil Min to compensate for KG basin block

Last Updated: Wednesday, June 19, 2013, 18:09

BP along with Reliance Industries had won the deep-sea KG-DWN-2005/2 or KG-D17 block in the seventh round of auction under New Exploration Licencing Policy (NELP) in 2008.

RIL to give up 4,266 sq km of KG-D6 block

Last Updated: Friday, March 15, 2013, 17:08

The offer was made just as the ministry was readying an order asking the firm to vacate some 5,970 sq km of area of KG-D6 block.

Oil Min for CAG doing financial audit of RIL's KG-D6

Last Updated: Thursday, March 07, 2013, 16:31

With CAG suspending KG-D6 audit following differences with RIL over the audit scope and extent, the Oil Ministry is believed to have this week written to the official auditor explaining the scope, extent and manner of audit it wants.