Latest news with #HardeepSPuri
Time of India
10 hours ago
- Business
- Time of India
India safe from Strait of Hormuz closure due to diversified oil imports, says Hardeep Singh Puri
— HardeepSPuri (@HardeepSPuri) Live Events As tensions escalate in the Middle East and Iran progresses towards closing the Strait of Hormuz , Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday assured citizens that India's energy supply remains stable, citing significant diversification of oil import routes in recent years.'We have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait of Hormuz now,' Puri said in a statement posted on social media platform Strait of Hormuz, a narrow passage between the Persian Gulf and the Gulf of Oman, is a vital artery for trade as it accounts for nearly 30% of global oil and one third of the world's LNG shipments."Our Oil Marketing Companies have supplies of several weeks and continue to receive energy supplies from several routes. We will take all necessary steps to ensure stability of supplies of fuel to our citizens," the union minister added in his Puri informed that India has been closely monitoring the evolving situation between Iran and Israel over the past two weeks. "We have been closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks."According to media reports, the Iranian Parliament on Sunday approved the closure of the Strait of Hormuz after the US' Operation Midnight Hammer strikes on three of the country's major nuclear a final decision of the suspension of movement in the critical trade route is awaiting a go-ahead from Supreme Leader Ayatollah have warned that the decision might strike a severe blow to the global oil supply at a fragile time when the world economy is embroiled in multiple warfronts.
Time of India
6 days ago
- General
- Time of India
ONGC deploying advanced tech to contain gas leak in Assam: Hardeep Puri
Union Minister for Petroleum and Natural Gas Hardeep Puri reviewed and provided an update on the incident that took place at well number RDS-147 of ONGC 's Rudrasagar field on Friday. The minister also gave an update on the incident on the social media platform 'X', "gas flow has continued since the past 4 days due to the extraordinarily high pressure in the well." Hardeep Puri also added that the high-tech method such as 'junk pumping' is being deployed and "ONGC officers are in constant touch with international overseas experts. A water blanket is continuously being maintained for a cooling effect and to prevent fire." — HardeepSPuri (@HardeepSPuri) "The local residents had been immediately evacuated on day 1 and are being provided with all the relief and assistance adequately. Competent personnel have been brought from other work centres of ONGC, and very high capacity fire pumps, frack pumps, muds, etc, are all working at the site to control the fire," he said via 'X'. Earlier on Friday, gushes of gas were seen erupting from the Well RDS-147 of the ONGC's Rudrasagar field. And on Saturday, Oil and Natural Gas Corporation (ONGC) took operational control of Well RDS 147 in its Rudrasagar field in Sivasagar, Assam, to control a gas blowout. Earlier, Assam Chief Minister Himanta Biswa Sarma met with the people affected due to a gas leak in the ONGC Sivasagar plant. "Met people affected by the recent gas leak in Sivasagar. I have instructed officials of ONGC to address the situation at the earliest, as time is of the essence. Ministers of our Government will be stationed at Sivasagar to ensure our people are provided with interim relief in the camps set up for them. This matter has our highest priority, and we stand firmly with our people. We will be sharing more updates shortly," the Assam CM said. Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production. Crude oil is the raw material for downstream companies like IOC, BPCL, HPCL and MRPL (the Last two are subsidiaries of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG.
Reuters
10-02-2025
- Business
- Reuters
India to launch oil, gas blocks licensing this week, minister says
NEW DELHI, Feb 10 (Reuters) - India will launch rounds for oil and gas blocks licensing this week, Oil Minister Hardeep S Puri said on Monday. Puri said that he hopes energy supply issues will be discussed during the meeting between Indian Prime Minister Narendra Modi and U.S. President Donald Trump, scheduled for later this week. "I will be surprised if sourcing of energy will not figure during the discussion," Puri added. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.
