Page 4 - Hardeep Singh Puri

Oil prices up due to West Asia conflict, watching situation carefully: Puri

With global oil prices flaring due to widening conflict in the Middle East, India is watching the situation carefully and is confident of navigating any challenges it may pose, Oil Minister Hardeep Singh Puri said on Monday. International oil prices have flared to over USD 78 per barrel from about USD 70 per barrel, as the market waited to see if Israel would retaliate against Iran for a missile attack last week. "We are watching the situation very very carefully," Puri said at ExxonMobil Global Outlook 2024 here. Energy availability, he said, can be affected if there is an escalation in the Middle East. But supplies are not impacted and India, the world's third largest oil consuming and importing nation, is confident of being able to navigate any situation. "I am confident, we will be able to navigate as we did previously," he said. Puri said there is no shortage of oil and India is confident of sourcing its requirement. After the Iranian missile attack, it is being speculated

bp Plc meets in India, reflects confidence in country's opportunities

The board of global energy giant bp plc is holding its meeting in India in signs of its commitment to and confidence in opportunities in the country, the firm said on Wednesday. "The 5-day visit of the bp board reflects bp's significant and growing presence in India and its commitment to further develop its businesses in and with the country," it said in a statement. Recognising India's key role in global energy demand, during their visit the board will also hold meetings with the Indian government and bp's business partners, as well as visiting key bp India locations. The statement, however, did not elaborate on the meetings or the venue of the board meeting. Meeting Petroleum Minister Hardeep Puri, bp chair Helge Lund commented, "bp is committed to working closely with the government of India to support its changing energy needs. By leveraging our combined experience and expertise with our partners, we aim to facilitate the secure, affordable, and lower carbon growth of India's .

India in discussion to raise oil imports from Brazil: Hardeep Singh Puri

India and Brazil deepen energy ties as Petrobras meets with the Union Minister of Petroleum and Natural Gas Hardeep Singh Puri in Brasilia

India-US trade has potential to reach $500 billion mark, says Puri

Petroleum minister Hardeep Singh Puri lauded India's economic growth under Prime Minister Narendra Modi, saying the country has advanced from the 10th largest economy in 2014 to the 5th largest by 2019, surpassing the UK. Speaking at a community reception, organized by Consul General of India in Houston, D C Manjunath, at India House here, Puri emphasized Houston's pivotal role in the global energy sector, particularly in green hydrogen and aerospace. Expressing his thoughts about deepening US-India collaboration in the clean energy sector, Puri praised India's refining capacity and initiatives in biofuel blending, aiming to boost refining capacity to 300 million metric tons per annum. He termed the US-India Strategic Clean Energy Partnership as a cornerstone of future collaboration between the two countries. He acknowledged the political successes of Prime Minister Modi's party in the recent elections and said the country under Modi's regime has advanced from the 10th largest econ

India plans to keep buying cheap Russian oil, says Hardeep Singh Puri

European countries and Japanese businesses are buying from Russia, so India is not alone, he said

India will contribute to 35% of global energy demand in 2 decades: Puri

Over the next two decades, India will contribute to 35 per cent of the global increase in energy demand, Indian Minister Hardeep Puri said here on Tuesday at a multinational conference held to deliberate on the world's energy needs. The 52nd Gastech Exhibition & Conference kicked off Tuesday with strategic insights from the world's five leading energy ministers, including India's, at the George R Brown Convention Center. The event, themed 'Transforming Energy Through Vision, Innovation, and Action,' brought into focus a need for global energy stability and rapid decarbonisation. In his keynote address, Union Minister of Petroleum & Natural Gas, Hardeep Singh Puri underscored India's increasingly dominant role in the global energy landscape. "If global demand is increasing by one per cent, ours is surging three times faster. Over the next two decades, India will contribute to 35 per cent of the global increase in energy demand," he said. He framed India's challenge as an ...

India, US to explore ways to boost cooperation across energy value chain

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri held a meeting with US Assistant Secretary of State for Energy Resources Geoffery Pyatt on the sidelines of GasTech 2024 in Houston. The two leaders reviewed the existing energy cooperation and agreed to explore ways to further strengthen bilateral cooperation across the energy value chain for "just and orderly energy transition."During the meeting, Puri and Pyatt discussed how the cooperation between two nations is strengthening in the energy sector due to collaboration between the institutions and companies from India and the US.Sharing details regarding his meeting with Geoffery Pyatt, Hardeep Singh Puri stated, "Met my friend for more than three decades & US @AsstSecENR Mr Geoffery Pyatt at #GasTech2024 in Houston today.""We reviewed the existing energy cooperation & agreed to explore ways to further strengthen bilateral cooperation across the energy value chain for just & orderly energy transition. ..

Ethanol blending has saved Rs 99,000 crore forex since 2014, says Puri

17.3 mn metric tonnes of crude oil substituted, 51.9 mn tonnes of CO2 emissions averted, the minister said

No plan to mandate blending of ethanol with diesel: Hardeep Singh Puri

The government on Monday said the blending of ethanol with diesel is still at an experimental stage, and there is no plan, at present, to mandate it, as initial tests showed the formation of deposits in fuel tanks and other implications. Replying to a supplementary question in the Rajya Sabha on whether the Centre plans to mandate the blending of ethanol with diesel, Minister for Petroleum and Natural Gas Hardeep Singh Puri said, "The issue of blending ethanol with diesel is still at an experimental stage, and I can say categorically that at present there is no plan to mandate". Elaborating further, the minister said the reason is that oil marketing companies have tested up to 7 per cent of ethanol in diesel in collaboration with the Automotive Research Association of India and select original equipment manufacturers. "The initial tests have shown that there would be a reduction of flashpoint to 15 degrees Celsius with a 5 per cent ethanol blend and we require material compatibility

Not national issue: Puri on CM Banerjee's allegation at NITI Aayog meeting

Union minister Hardeep Singh Puri on Saturday played down West Bengal Chief Minister Mamata Banerjee's allegation that her mike was turned off when she was speaking at the NITI Aayog meeting in Delhi, stating that it was "not a national issue." Puri was speaking at a press conference here on the Union Budget, organised by the Gujarat BJP. Banerjee walked out of the NITI Aayog meeting claiming that her mike was muted five minutes after she started speaking. She claimed that other chief ministers were allowed to speak much longer. "I was not inside, and don't know how much time was given (for her to speak)," the Union minister told reporters when asked about the row. "But it is also said in Parliament that the mike has been turned off. It so happens that the mike is turned on when speaking. I do not know much about it. I have no idea how long she spoke. But I am certain that this is not a national issue, whether you spoke for 15 minutes or 18 minutes," he said.

Oil, gas exploration offers $100 bn opportunity: Hardeep Singh Puri

Oil marketing companies in talks with Russia for long-term deal, say officials

ONGC, Oil India, Selan on fire; Here's what fueled up to 13% rally today

Hardeep Singh Puri, minister of Petroleum and Natural Gas in India, said E&P offers investment opportunities worth $100 billion by 2030.

India's oil, gas exploration offers $100 bn opportunity, says Oil Min Puri

Oil Minister Hardeep Singh Puri on Thursday called for stepping up oil and gas hunt to cut India's reliance on imports and making available fuel at an affordable and sustainable way. Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth. "E&P offers investment opportunities worth USD 100 billion by 2030," he said. Stating that India's exploration and production potential still lies untapped, he said, "I find it strange that India is so heavily reliant on oil imports despite the abundant geological resources available to us." The Indian sedimentary basins hold about 651.8 million tonnes of crude oil and 1138.6 billion cubic meters of natural gas, he said. Puri said only 10 per cent of our sedimentary basin area is under exploration, which will rise to 16 per cent by 2024-end after the current bid ends. "The focus of our exploratory ...

Modi govt has increased devolution of taxes to states: Hardeep Singh Puri

On Sunday, Karnataka became the first state to raise taxes on petrol and diesel after the General Elections 2024

BPCL divestment completely off the table, says Hardeep Singh Puri

Says OMCs can consider pump price cut if global prices stay at $75-80 per barrel

Modi govt 3.0 Cabinet: Hardeep Singh Puri retains petroleum ministry

Puri had also helmed the civil aviation, and housing & urban affairs ministries, and served as the minister of state for commerce and industry in the second term of the Modi government

AAP not implementing Centre's schemes in Delhi, says Union min Puri

Union minister Hardeep Singh Puri on Wednesday accused the AAP government of not implementing the Narendra Modi government's flagship schemes, including Pradhan Mantri Awas Yojana and Ayushman Bharat, in the national capital. Addressing a press conference, Puri also alleged that the Arvind Kejriwal government created obstacles in the implementation of the Metro project in every phase. At present, the Delhi Metro has been executing projects under the fourth phase of its expansion. The Union Housing and Urban Affairs Minister said that his ministry has implemented projects worth Rs 53,000 crore in the national capital. The BJP leader also slammed Chief Minister Arvind Kejriwal for maintaining silence over the alleged assault on AAP Rajya Sabha MP Swati Maliwal allegedly by his aide Bibhav Kumar at his residence. Delhi is slated to go to polls on May 25 in the sixth phase of Lok Sabha elections.

India will be able navigate even if global tensions increase: Hardeep Puri

Union minister Hardeep Singh Puri discusses India's oil economy management amid escalating West Asia tensions and affirms BJP's strategic electoral stance in Punjab

Developed India will need matured, better real estate sector: Puri

Housing and Urban Affairs Minister Hardeep Singh Puri on Friday said a highly matured and developed real estate sector with an estimated market size of USD 1 trillion by 2030 is needed to achieve the vision of a developed India by 2047. Addressing an event organised by realtors' body CREDAI's youth wing, the minister said the enactment of real estate regulatory law 'RERA" has been a transformational development for the entire sector. "A developed India by 2047 will also require a highly matured and developed real estate sector, both in the residential and the commercial segment," Puri said. He highlighted that investments are coming into commercial real estate including data centres and warehousing. The establishment of Real Estate Investment Trusts (REITs) has also helped in attracting investments into the real estate sector, the minister added. "RERA was a transformational development. It is unbelievable that one of the largest sectors in the economy didn't have a regulator for

BJP criticises Bengal govt for opposing HC's ruling on Shajahan Sheikh

The BJP on Tuesday slammed the Trinamool Congress government in West Bengal for opposing the Calcutta High Court's order to hand over custody of suspended TMC leader Shajahan Sheikh to the CBI and called it a matter of "great shame". Addressing a press conference, Union minister Hardeep Singh Puri said the state government's decision to move the Supreme Court against the high court's order "highlights its value system". Puri said the TMC are not denying the offence but also giving Sheikh political cover. It is not the accused but the state which has gone in appeal to the Supreme Court, he said. First the state government allows such incidents to happen and then does this, the minister said, adding that "it was a matter of great shame". The high court had on Tuesday directed the investigation into a mob attack on ED officials -- when they went to search the premises of Sheikh in Sandeshkhali in North 24 Parganas district on January 5 in connection with a ration scam probe -- to be .