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  • Private Sector: 314 MW
  • India: 316 MW
  • Loadshedding: 300 MW
  • Demand : 1272 MW
  • Soure : NEA

Petroleum

Iraq Oil Revenue Not Enough For Sustainable Development

Oil revenues still are not high enough to allow the Iraqi government to fund the reconstruction of the country, according to Iraqi Prime Minister Haider Al-Abadi. “Oil prices are not at the required level to be used for sustainable development,” state TV quoted al-Abadi as saying during a press conference. Iraq…


Sudan In Talks With Foreign Oil Firms To Boost Crude Production

Sudan has discussed the development of its oil industry following the removal of many U.S. sanctions on the country—including on oil and petrochemical industries—with Russia’s Lukoil and with other firms from Europe and Canada, Sudan’s Oil Minister Abdul Rahman Osman said on Tuesday. “There are many companies that are not committed yet,…


U.S. to promote ‘universal access’ to fossil fuels at climate talks

The United States hopes to promote wider use of fossil fuels at a global meeting on climate change next week, a White House official said, reflecting the gaping divide between Washington and the rest of the world on the issue of global warming. President Donald Trump’s administration has envoys at…


Stalled pipeline project likely to start soon

Construction of the long-stalled Amlekhgunj-Raxaul oil pipeline is likely to start soon as Indian Oil Corporation (IOC) has completed preparations to despatch the required equipment to Nepal. The shipment is expected to arrive by November-end. Nepal and India signed an agreement to lay the 41-km cross-border pipeline two years ago,…


NOC rolls back gasoline prices

Nepal Oil Corporation (NOC) has backtracked on its decision to hike fuel prices less than 12 hours after it was announced as per Prime Minister Sher Bahadur Deuba’s instruction which some suspect is an election ploy. On Wednesday, the state-owned oil monopoly had increased prices of petrol by Rs2 per…


The 5 Countries That Could Push Oil Prices Up

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has been…


Indian Oil Aims for LNG Import Capacity of 13.5 Mln T in 5 Years

State-owned Indian Oil Corp Ltd aims to have capacity to import about 13.5 million tonnes of liquefied natural gas (LNGLF $.34) (LNG) in five years, its head of business development said on Friday, helping India to gradually move to a gas-based economy. Prime Minister Narendra Modi's government wants to raise the share of natural…


Petroleum prices not adjusted since July 2

Nepal Oil Corporation (NOC) has not adjusted the price of petroleum products since almost four months though the enterprise has been booking a profit of more than Rs 160 million per month. As per the mandate of the automatic pricing mechanism that was introduced on September 29, 2014, NOC is…


Reliance Industries & BP Plc to invest $1.5 bn to develop satellite gas fields

Reliance Industries and its partner BP Plc of the UK will invest about USD 1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022. RIL-BP combine yesterday submitted to the Directorate General of Hydrocarbons (DGH) a field development plan for what are known…


Oil payment, other issues with Iran resolved: Arun Jaitley

Finance Minister Arun Jaitley has said that most of the pending issues with Iran particularly relating to the oil payment have been resolved. Jaitley, who is here on a week-long visit to the US to attend the annual meeting of the International Monetary Fund and the World Bank, made the…


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