Tag Archives: Times of India

India’s power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said. A steady rise in industrial electricity use in recent years has …

India proposes to build a portion of its strategic oil reserve in the US to take advantage of current low prices and quickly scale up its storage. The move will allow the country to quickly enhance the strategic oil reserve to meet 100 days of oil requirements from present capacity …

Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.

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

India has already built 5.33 million tons of underground reserves in three locations.

The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC through direct rupee payments.

OPEC estimates India will account for about 40 per cent of the overall increase in global oil demand by 2040.

The United States is consulting with all of its friends and partners to discuss the implementation of the sanctions after the snapback.