SME Times is powered by   
Search News
Just in:   • After 1,460 days of Modi rule, 'achhe din' yet to come, feel experts  • 8 reasons why credit cards make small business financing simpler  • SIDBI, CSC sign MoU to help village entrepreneurs  • PNB fraud: ED charge-sheet names Nirav, 23 others  • Wheat prices rise on import duty hike 
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
» SIDBI, CSC sign MoU to help village entrepreneurs
» India CLMV Business Conclave held, focus on SMEs
» Dutch PM inaugurates Indo-Dutch Ganga Forum
» 15th Finance Commission forms group for health sector
» Govt releases strategy paper on software, electronics exports
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
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 25 May, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(24)
» Oil, Rupee concerns(5)
» Year End Review 2016: Report card of MSME Ministry(2)
» Kalam releases handbook for small entrepreneurs(1)
» Govt to partner with e-commerce cos to give Mudra loans(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter