India | Egypt Oil & Gas - Part 11

Saudi Arabia Cut Oil Exports to Asia

Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal.

KSA Led Oil Exports to China, India

China's November crude oil imports from the Kingdom of Saudi Arabia (KSA) jumped 29.19% on a year earlier to 1.15mb/d. Saudi Arabia re-emerged as the top oil supplier to India during November with over 873,000b/d,

S. Sudan, India Negotiate Oil Blocks Revival

South Sudan has initiated talks with India to revive oil blocks closed in the wake of a civil war in 2013

India to Import Nigerian Crude Worth $3.85b

Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume with additional 2m tons of crude oil import from Nigeria in 2017.

SCI to Resume Iranian Crude Shipments

Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner.

India Urged Iran to Finalize Farzad-B Gas field Award

India has nudged Iran to quickly award rights to develop the coveted Farzad-B gas field in the Persian Gulf to ONGC Videsh by wrapping up negotiations that have been dragging on for months.

India Boosting Refinery Investment with Iran

An Indian Oil Corp unit plans to invest $5.5b to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000b/d.

India, Iran to Finalize Gas Deal

A consortium headed by ONGC Videsh Ltd (OVL) and Iran aim to strike a deal by March to develop the Iranian Farzad B gas field in the Farsi offshore block.

India to Invest $15b in Nigeria’s Oil, Gas

The Nigerian Minister of State for Petroleum Resources, Ibe Kachikwu, has negotiated a $15b investment with the Indian government for the oil and gas sector.

Nigeria’s Oil Output to Grow by 22%

Nigeria expects its oil production rate to grow by 22% by the end of 2016 to reach 2.2mb/d from current levels.

Page 11 of 19

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