Tag Archives: India

Iran will reportedly open a branch of its Bank Pasargad in India in the next 2-3 months to help boost trade between the two nations to bypass the US unilateral economic sanctions which have blocked international banking channels.

Indonesia was main supplier for India for thermal coal while Australian exports were going to China. Japan and South Korea.

Projects including tidal and wave will now be eligible for the non-solar Renewable Purchase Obligation scheme.

ONGC'.s offshore output fell 4.5% to 1.22 million tonnes. while onshore production slipped 0.1% to 0.51 million tonnes.

The new arrangement will compensate for the stoppages of RIL’s purchases of Iranian and Venezuelan crude following US sanctions on both countries.

Russian exports to India jumped fivefold to 3 million tons in the year ending March 2018.

Reliance Industries Limited (RIL). is to sell 20 percent of the ownership of its refining and petrochemical business to Saudi Aramco for $15 billion.

In 2011 BP acquired a 30 per cent stake from Reliance in some of its exploration blocks.

Chief Engineer at the country’s Federal Power Ministry. Ghanshyam Prasad. said coal capacity is likely to reach 238GW by 2022.

The sanctions had driven away most of the country'.s foreign customers and operators.