India has offered to supply 325,000 tonnes of diesel at concessional rates to Pakistan from its refinery at Panipat from October this year.
The export will depend on Pakistan agreeing to lift the ban on import of petroleum and petrochemical products from India, a matter that would be raised when Petroleum Minister Mani Shankar Aiyar meets Pakistan Commerce Minister Humayun Akhtar.
India is keen to export diesel from the Indian Oil Corporation (IndianOil) refinery at Panipat in Haryana from October to March and has offered to do so at rates which "should be more favourable even compared to the concessional rates at which Pakistan is getting supplies from Kuwait," official sources said.
"Aiyar will be requesting the Pakistan commerce minister to remove the petroleum and petrochemical products from the negative list, paving the way for the export of 325,000 tonnes of diesel and, possibly at a later date, petrochemicals like purified terephthalic acid (PTA) used for polyester fibre and linear alkyl benzene (LAB) used for detergents," the sources said.
IndianOil currently imports crude for processing and manufacture of diesel, which makes it cheaper than product imports. IndianOil is also studying plans for setting up another refinery at Bathinda in nearby Punjab, which would also provide scope for additional exports to Pakistan.
Aiyar is here for the first ministerial level bilateral talks on the proposed Iran gas pipeline that is expected to conclude Monday with the issue of a joint communiqué.
With Pakistan President Pervez Musharraf expected back Monday evening after official visits to the United Arab Emirates and Qatar to explore possibilities of gas supplies, the India-Pakistan joint communiqué may be released only Tuesday.
During talks with Pakistan Commerce Minister Amanullah Khan Jadoon, Aiyar would also explore possibilities of a long-term diesel supply to Pakistan via a pipeline from Panipat.
Pakistan currently imports around 4.5 million tones of diesel annually.
Chief executives of Indian Oil Corporation (IndianOil) and GAIL (India) Ltd are here along with Aiyar to explore investment and joint cooperation prospects.
Harvard students condemn Oxford University
Publish Date : 3/5/2007 7:11:00 AM
Two Harvard students, including an NRI, have condemned Oxford University, where they are Rhodes scholars, as "outdated" and "frustrating" and dismissed its world famous Bodleian library as "less than inspiring".
Indian embassy to outsource jobs to American firm
Publish Date : 3/5/2007 7:10:00 AM
After taking thousands of American jobs through outsourcing, India is planning to give a few back. The Indian embassy in the US capital is planning to outsource processing of visas to a US-based company.
Badal heads 18-member coalition ministry in Punjab(Final lead: Badal)
Publish Date : 3/3/2007 7:29:00 AM
Octogenarian leader of the Shiromani Akali Dal (SAD) Parkash Singh Badal, on Friday took oath as Punjab's new Chief Minister and will lead an 18-member SAD-Bharatiya Janata Party (BJP) coalition ministry.
Bareilly eunuch adopts a girl child
Publish Date : 3/3/2007 7:22:00 AM
It was a day of celebration for Saroj, a eunuch in Bareilly in Uttar Pradesh, as 'she' has become a 'mother' by adopting a baby girl.
Kalam offers prayer at Fatehpuri Masjid
Publish Date : 3/3/2007 7:16:00 AM
Keeping a promise made two years ago, President A P J Abdul Kalam today offered prayers at the historic Fatehpuri Masjid in Chandni Chowk here along with thousands of Muslims.
Union Budget directionless, says Modi
Publish Date : 3/1/2007 8:41:00 AM
Gujarat Chief Minister Narendra Modi today criticised the Union Budget by terming it as "directionless".
Centre allocates over Rs 100 crore for minority zones
Publish Date : 3/1/2007 8:38:00 AM
Unfazed by the BJP's criticism over its welfare schemes for Muslims, the Congress-led Central Government has allocated over Rs 100 crore for development programmes in select districts with a sizeable population of minorities.
Kins of political bigwigs fail to find voters' favour
Publish Date : 3/1/2007 8:27:00 AM
The assembly polls in Punjab turned out to be unkind for several kins of political bigwigs as voters rejected most of them barring some of Shiromani Akali Dal (SAD) supremo Parkash Singh Badal's near and dear ones.
High Court order on age of nursery admission tomorrow
Publish Date : 3/1/2007 8:24:00 AM
The Delhi High Court today observed that the city Government's submission that a child should be four-years-old to get admission in nursery class was contrary to the law.
Parliament session may be stormy tomorrow on Quattrocchi issue
Publish Date : 3/1/2007 8:18:00 AM
After the lull, it is going to be storm again in Parliament tomorrow.
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