InfoAnda - Giant Indian oil field comes on stream

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Record four women in space as Discovery blasts off | 6 April 2010
ADB: Philippine poverty up despite economic growth | 10 December 2009
Final Harry Potter is most anticipated film: poll | | 29 December 2010

Court expert says 'Nazi guard' ID card authentic | 15 April 2010

Forum Views () Forum Replies ()

Read more with google mobile : Giant Indian oil field comes on stream

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Giant Indian oil field comes on stream AFP - Sunday, August 30 BARMER, India (AFP) - - Britains Cairn Energy on Saturday began pumping crude from a vast oilfield in the Indian desert state of Rajasthan that is set to increase the country's crude output by 20 percent. ADVERTISEMENT Indian Prime Minister Manmohan Singh told a ceremony inaugurating the field that Cairn's success showed global investors that "India has a good climate for foreign investment." "I invite investors from around the world to come and invest in India," he said from the western Thar Desert, site of the Cairn development. "The government will give all its support," he promised. Cairn's field, the country's largest onland field and the biggest find in over two decades, will increase India's oil output by 20 percent once it hits its initial peak production target of 175,000 barrels a day in 2011. India, which imports at least 70 percent of its oil needs, has been frantically racing to find new energy sources to fuel its fast-growing economy. Cairn, which has spent two billion dollars so far on developing the field, plans to invest up to 1.3 billion dollars more to increase production. Cairn bought out the field in 2002 from Anglo-Dutch giant Shell, which had concluded it contained no major reserves. Two years later, Edinburgh-based Cairn struck oil. Cairn founder and chairman Bill Gammell said he had never dreamt the find would turn out to be so big. "I knew it had enormous potential but I didn't envisage the size and scale," he told the ceremony held in a huge tent under baking sun. "I look forward to many more years of development," he said. Launch of the oil field kicked off to the thumping background tune of "Jai Ho," the Oscar-winning theme song from "Slumdog Millionaire." Cairn estimates the Barmer field, in which state-run Oil and Natural Gas Corp holds 30 percent, contains 3.5 billion barrels of crude, of which it is technically feasible to recover at least one billion barrels. Gammell said Cairn's success in working with the Indian government in developing the field was a "clear signal to the rest of the world that India provides opportunities and support" to foreign investors. He said the five years it took between discovery of the oil and bringing it on stream was a "timescale few countries can match." India has been courting foreign investment to propel economic growth but many investors have complained about frustrating regulatory hurdles and bureaucratic red tape. A number of big foreign investments such as a 12-billion-dollar project by South Korean steelmaker POSCO have been hit by delays. Cairn has made 25 oil discoveries in the Barmer region -- of which the three biggest are Mangala, Bhagyam and Aishwariya. Petroleum Minister Murli Deora said the field's output would shave seven percent off India's oil import bill. The crude will be trucked to state-run refiners until the completion of a pipeline slated for year end. Deora said India needs to conduct more exploration, adding the Barmer and other recent finds were proof India is "rich in hydrocarbon reserves." That was in contrast to expert views after India's independence in 1947 that the country was "hydrocarbon barren," he said. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Regulators shut banks in Calif, Md, MinnAP - Sunday, August 30 GOP senator signals fading hopes on health careAP - Sunday, August 30 IDB to start $1.5 bln bond roadshow on Sept. 2Reuters - Sunday, August 30 Iraq budget panel sees 2010 oil price at $60 per bblReuters - Sunday, August 30 US-BUSINESS SummaryReuters - Sunday, August 30 Enlarge Photo Giant Indian oil field comes on stream Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Michael Jackson's death homicide: coroner Kidnapped US girl walks into police station 18 years on Tick saliva could hold cancer cure: Brazilian scientists Microsoft apologizes for photo gaffe Nixon enlisted secret service to spy on Ted Kennedy View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Sunday, 30 August 2009
Karzai closer to winning tainted Afghan vote
German unemployment to stay under 4 mln: report
Iraq buries powerful Shi'ite leader Hakim
India's first moon mission 'over': space agency
Iraqi who threw shoes at Bush to be released early
Iran says report confirms atomic work peaceful
Karzai widens lead in Afghan election race
Peacekeeping civilians kidnapped in Darfur
Calif. firefighters wage fierce wildfire battles
Pakistan destroys suicide bomber training camp
Guests for the Sunday TV news shows
Despite rain, Kennedy mourners flock to church
Six would-be suicide bombers among 18 killed in NW Pakistan
Multiple killings at southeast Ga. mobile home
Japan voters set to put faith in untested opposition
Text of Obama's eulogy at Kennedy's funeral Mass
Ted Kennedy Jr. lovingly memoralizes dad at Mass
Revival planned for notorious LA community
4 SKoreans return home after month held in North
India loses contact with its first moon mission
A glance at Japan's parliamentary elections
Fla. officials: Hundreds of animals found in filth
Japan's ruling heads to elections as underdog
Pakistan suicide bomber training camp destroyed
AP NewsAlert
Giant Indian oil field comes on stream
Italy sees boom in quaint stone dwellings
50 Cent cancels New York City street fair
Spike Lee throws Jackson birthday bash in Brooklyn
British PM's Afghan visit highlights West's concerns
War of words between Vatican and Berlusconi clan heats up
US-TECH Summary
Japan votes in election, opposition tipped to win | International |
Merkel on defensive over Opel as election looms
Fans mark would-have-been birthday of 'King of Pop'
LG to unveil 15-inch OLED TV
Israeli planes hit suspected Gaza tunnel building
US elite mourns 'lion of Senate' at Kennedy funeral
Hurricane Jimena off Mexico upgraded to Category 2
Israeli planes hit suspected Gaza tunnel building | International |
Jimena roils Mexico as Category 2 hurricane: forecasters
Fleeing fighters stream into China from Myanmar | International |
Peacekeeping civilians kidnapped in Darfur
A new political generation rises in East Timor | International |
GM wants Russians barred from Opel takeover: report
Iran welcomes 'positive' IAEA nuclear report
Al Qaeda names man who tried to kill Saudi prince | International |
West piles pressure on Nepal over war disappearances | International |
German left hopes to unsettle Merkel in state votes | International |
Iran parliament debates Ahmadinejad's new cabinet | International |
LG to unveil 15-inch OLED TV
Doyenne of reporters still proud of World War II scoop
Japan votes in election, opposition tipped to win
Firefighters battle fierce California wildfires
Japan vote expected to bring seismic political change
Melting glaciers threaten 'Nepal tsunami'
Police: Health care reform used as NY crime ploy
LG to unveil 15-inch OLED TV | Technology |
Australia to apologize for state care of children
Excerpts of Kennedy letter to pope
Britain's u-turn on Lockerbie bomber 'for oil': report
Karzai widens lead in Afghan election race
Police review cases for connections to kidnap case
Texas justice's wife cleared of arson charges
A look at rival leaders in Japan elections
Japan's ruling LDP enters elections as underdog
Shriver: Uncle's death may aid health care push
White House claims Pakistan modified U.S.-made missiles
NKorea releases SKorean fishermen as tensions ease
Police: NY duo claimed attack to conceal argument
Levi Strauss tempts Indians with denim on credit
Jesus of Siberia: an ex-traffic cop turned Messiah
Pakistan's sugar crisis dampens festive spirits
The last of their kind: the nomads of Borneo
Coastal erosion threatens Goa's idyllic beaches
Forest lair where Hitler nightmares took shape
Dr. Drew blames pain medicine in death of DJ AM
DJ AM autopsy inconclusive; more tests planned
Thousands attend Jackson birthday bash in New York
East Timor marks decade since historic vote
Museum of Chinese in America gets a new home
Iran's Ahmadinejad may face battle over new cabinet
Iran judiciary chief sacks hardline prosecutor
Lockerbie bomber release linked to oil deal: report | International |
Iran's top conservatives oppose Ahmadinejad cabinet
Serious fraud complaints double in Afghan vote | International |
Australia probes North Korea weapons for Iran seizure | International |
Iran parliament opens to debate Ahmadinejad cabinet
CORRECTED: A new political generation rises in East Tim | International |
Blackwater tapped foreigners on secret CIA program
Iraq bombers were recently freed by US: official
First family returning home after island getaway
SKorea's president to replace some Cabinet members
Blast kills 14 police recruits in Pakistan's Swat
Kennedy remembered for his years in the Senate
AP NewsAlert
Kidnapped girl etched in Tahoe community's heart
Wounded CBS reporter flown to Germany
Coroner report: Teen's football death an accident
Nepal's vice president refuses to take oath again
Key dates in Japanese postwar politics
Fleeing fighters say Myanmar crushed border enclave
Opposition Democrats tipped to win Japan election
GM China, China's FAW launch joint venture
India defence drive attracts global suppliers
Capitalism the villain as Moore movie hits Venice | Entertainment |
Grameen shows poorest of poor can be creditworthy
Hong Kong actor Andy Lau announces his marriage
US-ENTERTAINMENT Summary
Capitalism the villain as Moore movie hits Venice
Recession, swine flu cloud US back-to-school
Unsung women of Churchill's WWII bunker
US jazz ambassadors go where diplomats fear to tread
Beauty in Venezuela is matter of pride, and scalpels
'Operation Nakam': true story behind Tarantino's film
Zhang Ziyi, John Woo honored at China film awards
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01