Results 1 to 1 of 1
  1. #1
    Runner Up - Admins Awards www.desirulez.net
    Join Date
    Dec 2009
    Posts
    24,894

    Default PMO calls meet to discuss hiking Iranian oil imports

    Follow us on Social Media





    The Prime Ministerís Office (PMO) has convened a meeting this week to finalise a hike in imports of crude oil from Tehran to reduce dollar outflow.

    Petroleum and Natural Gas Minister Veerappa Moily had submitted an action plan to Prime Minister Manmohan Singh and Finance Minister P. Chidambaram, suggesting measures to cut the oil import bill by around $25 billion. The measures include increasing crude oil imports from Iran, which would save India around $8.5 billion in dollar payments as New Delhi pays Iran in rupee terms for the oil purchases.

    The Principal Secretary to the Prime Minister, Pulok Chatterjee, has called a meeting this week to discuss measures to reduce the oil import bill.

    The meeting will be attended by Foreign Secretary Sujatha Singh, Petroleum Secretary Vivek Rae, Commerce Secretary S.R. Rao and Economic Affairs Secretary Arvind Mayaram. India, which imported crude oil worth $144.3 billion in 2012-13, has spent $47.13 billion on oil imports in first four months of current fiscal.

    The government has already asked state-owned oil marketing companies to keep crude imports at the 2012-13 level of 105.96 million tonnes, which will save $1.76 billion in foreign exchange.
    ...being a human...



 

 

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •