Hydrogen fuelled vehicle in 2 months

NEW DELHI: World’s largest oil producer Saudi Aramco is keen to invest in Indian oil refining and marketing sector and has invited Indian companies to participate in over 400,000 barrels per day export refinery the company plans to set up in Saudi Arabia. ‘‘We have been seeking partnership in refining and downstream marketing in India for many years. We were about to bid for HPCL but privatisation did not happen. We continue to look for opportunities and are talking to various companies,’’ Saudi Aramco President and CEO Abdallah S. Jum’ah said.

Cairn disputes production tax

NEW DELHI: Cairn Energy of UK, which made India’s largest oil discovery in more than two decades in Rajasthan last year, is protesting a tax levied by the government on crude oil production. Cairn said the Rs 900 per tonne production cess should be borne by ONGC as it was the licensee of the Rajasthan block. ‘‘We don’t agree with the position that the tax should be shared between ONGC and Cairn in ratio of their shareholding. We believe it is ONGC’s liability and we will defend ourself against the tax,’’ Cairn energy director (exploration) Mike Watts said.

LPG subsidy likely for RIL, Gail

NEW DELHI: The government is likely to give subsidy to private sector Reliance Industries Ltd and gas firm Gail on LPG they sell to domestic households. The government is allowing Reliance, which operates the country’s largest 33 million tonnes refinery at Jamnagar in Gujarat, and Gail to retail LPG. ‘‘LPG sale by Reliance and Gail to domestic and commercial consumers will undergo further relaxation to allow flexibility and subsidy for the newcomers,’’ a top petroleum ministry official said. Indigenous producers would be free to market their LPG to domestic consumers but would have to import the product for bulk commercial sales.