Tag Archives: India

India'.s state refiners have cut oil import plans from Iran by a quarter in the year to March 2018.

A second Indian refiner Bharat Petroleum Corp Ltd also planned to buy its first ever US crude oil cargo and has issued a purchase tender.

TAPI is an important linchpin in the realization of the New Silk Road in the arena of energy.

Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.

The Indian subcontinent is set to become ever more thirsty for LNG.

In 2013. Vankorneft was chosen as an operator on development of new fields of Vankor Cluster located close to the Vankor field.

The slide in oil prices continues as markets remain sceptical of OPEC´s ability to balance supplies.

India’s biggest gas importer Petronet LNG annually buys 8.5mn tonnes under a long-term contract.

New Delhi is keen that the gas from the field comes to India to feed the vast energy needs.