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Tag: ONGC

India’s ONGC Videsh Secures 3-Year Extension To Explore South China Sea

Posted on August 19, 2023 By admin
India’s ONGC Videsh Secures 3-Year Extension To Explore South China Sea

ONGC Videsh is the overseas investment arm of India’s top oil explorer Oil and Natural Gas Corp. Mumbai: Indian energy company ONGC Videsh has secured a three-year extension from Vietnam to explore ‘Block 128’ in the South China Sea, it said in a post on social messaging platform X, formerly known as Twitter. Conflicting territorial…

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Windfall tax on crude oil, diesel hiked

Posted on August 15, 2023 By admin
Windfall tax on crude oil, diesel hiked

Representational image only. The government has hiked the windfall profit tax on crude oil produced in the country and on export of diesel, while bringing back the levy on overseas shipments of ATF. The tax, levied in the form of special additional excise duty, on domestically produced crude oil has been raised to ₹7,100 per…

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