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CRORE OIL ROYALTY
Crude@$100+: The Rs 3 lakh crore power boom you might be missingThe US-Israel-Iran conflict has significantly boosted India's power and energy stocks, with Nifty Energy's market cap rising by Rs 3 lakh c...
Modi, not Manmohan Singh, ensured Assam gets its due of oil royalty, says Dharmendra PradhanPradhan, speaking at the function where the prime minister dedicated three projects of his ministry worth Rs 3,222 crore to the nation, sai...
Government bails out ONGC, Oil India of Rs 22,000 crore royalty liabilityONGC sold crude oil to PSU refiners at a discount since 2003-04 on government directive so as to help partly subsidise petrol, diesel, LPG ...
Assam to get Rs 6,320 crore as crude royalty, says Minister Himanta Biswa SarmaFollowing the agreement reached between BJP-led Assam government and Centre, the underpayment of royalty case in the Supreme Court is now w...
ONGC, OIL pays Assam Rs 1,450 cr in past royalty dues on oilAccording to the Oil Field Act, ONGC/OIL are required to pay 20% royalty on price of crude oil it extracts from onland oil blocks to the st...
Rs 392 crore additional royalty burden on ONGC, Rs 1,100 crore on Oil IndiaONGC/OIL would raise a gross bill based on the prevailing international oil price but their actual realisation was less than that after acc...
Oil PSUs to pay royalty on gross price to producing statesONGC/OIL would raise a gross bill based on the prevailing international oil price but its actual realisation was less than that after accou...
Assam could have moved court to recover underpayment of crude oil royaltyUnion minister of state for petroleum and natural gas Dharmendra Pradhan said that Assam could have moved court seeking payment of underpay...
Government nods royalty payment to states on crude oil productionGovt agreed to pay states like Gujarat & Assam, from its annual budget, the difference between royalty paid by operators of some oil fields...
Injustice was done to Assam by earlier government in the payment of oil royalty: Dharmendra PradhanAssam wants royalty to state on the well head price determined by the actual price of equivalent crude oil prevailing in the international ...
Assam govt seeks suitable amendment of Oilfields (Regulation & Development) Act 1948The Chief Minister pointed out that Central PSUs namely OIL and ONGC engaged in production of petroleum in Assam waste away a considerable ...
Gujarat rushes to oil min Dharmendra Pradhan on Rs 10,000 crore ONGC suitA delegation of Bihar BJP leaders under Suhsil Modi met Pradhan separately to seek higher investments in the state from oil PSUs.
ONGC to appeal against Gujarat High Court orderThe Gujarat High Court had last week directed ONGC to pay royalty on crude oil on the gross price it bills to refiners.
ONGC may have to pay crores in extra royalty to centre, statesCourt has ruled that ONGC should pay an additional royalty of Rs 8,000 cr to Guj upon calculating the levy on the basis of the market price...
Gujarat High Court asks ONGC to pay royalty dues worth Rs 5,000-6,000 crore to state governmentGujarat HC directed ONGC to pay dues worth Rs 5,000 crore to Rs 6,000 crore to state government towards differences in royalty of crude the...
- ONGC Q1 net increases 12% to Rs 4,095 crore
Oil & Natural Gas Corp (ONGC) reported a 12% increase in its net profit at 4,095 crore in the first quarter of 2011-12 despite 118% jump in...
- Oil ministry sets tough conditions to clear Cairn deal
Cairn India should withdraw cess arbitration case and agree to pay its share of Rs 9,202 crore, even as ONGC would pay Rs 3,944 crore as ce...
- ONGC pays Rs 1,183 cr royalty on Rajasthan crude this FY
Oil and Natural Gas Corp (ONGC) has paid about Rs 1,183 crore in royalty on behalf of its partner Cairn India in the prolific Rajasthan blo...
- ONGC demands changes in royalty payment criteria
Oil and Natural Gas Corporation (ONGC) has demanded that royalty on crude oil be levied on the price it realises from refiners.
- ONGC seeks changes in royalty payment criteria
ONGC has demanded that royalty on crude oil be levied on the price it realises from refiners instead of the current practice of calculating...