India | Egypt Oil & Gas - Part 11
SABIC Looks to Buy 50% Stake in Indian Petchem Plant
Saudi Basic Industries Corp (SABIC) is looking to purchase around 50% of the $4.6 billion Indian petchem project backed by Oil and Natural Gas Corporation (ONGC), Reuters reported. Saudi Aramco and Petrochemical Indus...
KPI in Talks to Buy 24% India Refinery Stake
Kuwait Petroleum International (KPI) plans to buy a 24% stake in the Bina joint venture refinery in central India, Reuters reported. The Bina plant offers a capacity of 120,000 b/d and is a 50-50 joint venture betwee...
Essar Oil Pays $2.5B in Debt to Iran
Indian company Essar Oil has paid $2.5 billion in debt to Iran, Reuters reported. The company delayed paying for Iranian oil while the country was under international sanctions regarding its nuclear program, which end...
ADNOC May Join Saudi Aramco in Downstream Venture
Abu Dhabi National Oil Co. (ADNOC) plans to spend more than $109 billion over the next five years, and is in talks with Saudi Aramco for possible downstream joint ventures abroad, with a focus on Asia, Reuters reporte...
El Molla Meets Oil Ministers
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with several petroleum ministers on the sidelines of the 16th International Energy Forum, held in New Delhi from April 10th to April 12th, ...
Asian Imports of Iranian Oil Hit Two-Month Low
China, India, Japan, and South Korea imported a total of 1.63 million barrels per day (mb/d) in February, the lowest levels since December and a 20% decline from February 2017, Gulf News reported. All importers except...
Iran’s Oil Exports to India Reach 550,000 b/d
Iran’s oil exports to India reached 550,000 barrels per day (b/d) in December 2017, corresponding to a 78% increase from November and the highest volume since last March, Reuters reported. Meanwhile, Iran’... Iranian Crude Exports to India Continue to Fall
Indian imports of Iranian oil fell to a 21-month low in November, Reuters reports. Imports from Iran were down 43% from October to 266,000 barrels per day (b/d), according to data compiled by news agency. India is set...
