The commerce minister's visit would see major announcements on collaborative projects with Russia.

Union Cabinet in February had approved a policy for awarding acreage, based primarily on exploration work commitment.

The golf course identified by DIPAM has two producing oil wells, sources said.

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

Petroleum Minister Dharmendra Pradhan said this in a written reply to a question in the Lok Sabha.

Vedanta's Anil Agarwal asserted that increased mining can add USD 500 billion to the economy and create two crore jobs.

IOC has signed separate annual contracts with Norway’s Equinor and Algeria’s Sonatrach to buy 4.6 million tonnes of US oil.

OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.