India | Egypt Oil & Gas - Part 13
Iran,India to Finalize Farzad Gas Field Agreement
Iran and India are expected to finalize financial and investment models on the expansion of Iran's Farzad B joint gas field with Saudi Arabia, with estimated reserves of 12.8tcf of gas, in September.
India’s Oil Imports from Iran Grew 37%
India’s oil imports from Iran rose to its highest level in five years, amounting to 523,000 b/d in July, which is a 37% jump from June's volume, and more than double that of the same period in 2015.
India, US Reduce Nigerian Crude Imports
Both India and the US have reduced their Nigerian crude oil imports by 43% and 53% respectively, a call that translated to a minimum loss of $270m of earnings in the Nigerian economy.
Nigeria Exported 42% of Crude to India, Spain, Netherlands
Nigeria sold 42% of its total annual crude oil exports, which amounted to 320m barrels, to India, Spain and, the Netherlands, from June 2015 to May 2016.
Iran, Russia Compete over Indian Refinery Supply
India’s Essar Oil Ltd, the country's largest refiner, expects to lower crude purchases from Iran after shipments from OAO Rosneft begin once the Russian state producer completes a deal to buy a 49% stake in the India ...
Saudi Arabia Drops Oil Prices for Asian Markets
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
India to Evaluate Gigantic Merger of 13 Oil Companies
India’s government has begun the process of evaluating the prospects of an ambitious plan that aims to merge 13 state oil firms to create a giant corporation that is expected to have a bigger market value than Russia ... India Resumes Iran’s Crude Oil Imports
Shipping Corporation of India (SCI), announced that it will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner.
