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Essar Oil'.s new owners will settle over 2 billion euros ($2.4 billion) owed to Iran for past oil purchases.
Read More »India Increase Oil Imports from Iran by 24 Percent in 1 Month
Foreign Countries in Talks to Develop Farzad-B Gas Field
In the meantime. other foreign companies are welcome to discuss their interest in the gas field.
Read More »India Says LNG Import Deal with Qatar Remains in Place. New Deal Unlikely
Petronet runs LNG receiving and regasification terminals at Dahej in Gujarat and Kochi in Kerala. and is building a third in Andhra Pradesh.
Read More »Increase of Iran`s Oil Export to India
Iran’s total oil production currently stands at around 4 million bpd and its most important clients are China. South Korea. India and Japan. respectively.
Read More »India Uses Bio Fuel for Its Warships
India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.
Read More »How Russia Is Dribbling Past Sanctions with the Essar-Rosneft Deal
With Essar oil. Rosneft’s refining capacity goes up from 100 to 120 million tonnes.
Read More »India to Add More Petrochemical Capacity
State refiners have a 230 million tone-a-year refining capacity and a petrochemical production capacity of 915 million tone-a-year. which are being expanded.
Read More »‘Iran Not Obliged to Contract Out Oil Projects to India’
Instead of making payments to Iran. India used the money for other activities such as making investments of its own.
Read More »Essar to Close Rosneft Deal by July 31
Essar Steel’s petition in the Gujarat High Court against the NCLT proceedings was dismissed and the company filed its response petition with NCLT on Saturday.
Read More »India Plans Next Merger On Road to Creating Oil Giant
India’s plan to merge some state-held oil enterprises could reduce inefficiencies in the sector.
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