SME Times is powered by   
Search News
Just in:   • Intex Technologies Strengthens Leadership Team  • E-Commerce Industry Risk Review by Alea Consulting   • Small loans initially help MSMEs build credit history: Aye Finance CEO  • Global cues, selling pressure pull equity indices lower  • Nationwide bank strike on Tuesday 
Last updated: 19 Jun, 2017  

Petrol.9.Thmb.jpg Russian oil major Rosneft to tap Indian retail fuel market: Pradhan

dharmendra-pradhan.jpg
   Top Stories
» 'Under 'Startup India' job-seekers turned into job-creators'
» Needs an alternative of bankruptcy to save business: FM
» Traders face problems in GST filing due to portal glitch
» 'Startup India, Standup India programme most unique in the world'
» FM asks states to reduce VAT on petroleum products
SME Times News Bureau | 19 Jun, 2017
Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday said the Russian oil major Rosneft plans to tap the retail fuel market in India in a big way.

"The Russian oil major who took over Essar Oil recently is planning in a big way to make inroads into India's retail fuel market," Pradhan told reporters after attending the City Gas Distribution (CGD) project to supply piped natural gas (PNG) to households in Bengaluru.

To a query on the size of investment to be made by Rosneft and Essar, he said both the companies have invested $13 billion in Indian market in the last financial year.

"It was one of the biggest deals in the oil industry in the world," he said.

During the second quarter of this financial year, BP and Reliance Industries have announced a $6 billion investment in India and Pradhan said this "indicates the progressive and reformative nature" of the Narendra Modi government.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.15
63.45
UK Pound
84.20
81.35
Euro
76.70
74.10
Japanese Yen 59.10 57.10
As on 22 Aug, 2017
  Daily Poll
Is GST affecting exports negatively?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(17)
» PM's I-Day speech: Govt eases way for small businesses(7)
» Economic Survey: Volume-2(6)
» List of items for which anti dumping duties has been levied with related notifications(2)
» CVC to act on Corp Bank probe report(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter