India | Egypt Oil & Gas - Part 10
Saudi Arabia to Cover Iranian India Supply Losses in November
Saudi Arabia is preparing to export an additional 4 million barrels of crude to India in November, several sources familiar with the matter told Reuters on October 10. The additional supply indicates a Saudi willingne...
Two Indian Companies Will Purchase Iranian Oil in November: Oil Minister
Two Indian companies have placed purchase orders for Iranian oil in November, oil minister Dharmendra Pradhan said on October 8th, adding to that India does not yet know if it will receive a waiver from the US excludi...
Qatar Petroleum, HPL Sign Naphtha Supply Deal
Qatar Petroleum has a signed deal with India’s Haldia Petrochemicals (HPL) to ship 600,000 tons of light naphtha over three years, the company said in a press statement. The agreement is Qatar Petroleum’s first ...
Iran Sanctions: India Will Not Cut Iran Oil Imports to Zero
India will not cut all its crude exports from Iran, a senior Indian government official told Reuters. “Definitely we are not going to zero,” the official said to the news agency, adding that the government will clarif...
India’s Reliance Industries to Stop Iran Oil Imports
Reliance Industries Limited (RIL), operator of the world’s largest single-location refinery processing about 1.4 million barrels per day (b/d), announced that it will stop importing Iranian crude from November t... Iran Becomes India’s Second Highest Oil Supplier
Iran overtook Saudi Arabia to become the second biggest oil supplier to Indian state refineries between April and June 2018, Reuters reported. Tehran’s willingness to offer discounted oil meant that India import...
Saudi Aramco, ADNOC Sign $44B Refinery Deal
Abu Dhabi National Oil Company (ADNOC) has signed to buy part of Saudi Aramco’s stake in the $44 billion Ratnagiri refinery in Maharashtra, India, The Economic Times reported. Aramco signed an agreement in April...
Saudi Aramco Executive Details Downstream Plan
Saudi Aramco is looking to expand its investments in refining and petrochemicals to secure new markets for its crude, and has identified growth in chemical industries as strategic in combating the risk of a slowdown i...
