Tag Archives: Dharmendra Pradhan

Overall. India imported 4.51 million bpd in April. 2.5 percent higher than a year ago.

India will work to create a network with other major oil buyers in Asia to negotiate better terms with sellers.

All the four major Asian economies should come together and India will try to create a network for that within the four countries.

Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.

India and Iran have settled the main issue on the development of Farzad B Gas Field.

In the current fiscal so far. the Middle East has accounted for 117.5 MT of crude oil supplies from India.

The freight discount offered by Iran will translate to a discount of up to $1 a barrel. one of the sources told Reuters.

Mutual concerns over regional security. especially the situation in Afghanistan. should also come up for discussions between Rouhani and Prime Minister Narendra Modi.

Saudi Aramco’s commitment to invest in India’s energy sector comes in the wake of the complete removal of subsidy and administered pricing of auto fuel since October 2014.

Saudi Arabia is competing with Iraq to be India’s top oil supplier. with Iraq displacing it for a fifth month in a row in August.