Tag Archives: India

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.

Indian companies. both public and private. have invested about $5 billion in US shale assets.

India imports oil to meet most of its growing energy demand.

Rosneft and CEFC have been at the center of that burgeoning relationship.

Petronet will buy the LNG on delivered basis with a price equivalent to about 12.5 percent of Brent oil prices.

The Iran-India gas pipeline for LNG imports will start at the Chabahar port in that country and terminate at Porbandar in Gujarat.

Russia proposed creating a platform to conduct research in the energy sector for BRICS member-states.

Essar Oil'.s new owners will settle over 2 billion euros ($2.4 billion) owed to Iran for past oil purchases.

In the meantime. other foreign companies are welcome to discuss their interest in the gas field.