India is likely to spend all of its $4.5b originally earmarked for petroleum subsidies for the year through March, despite having budgeted for $70 a barrel rude that now costs around $30.
India's biggest gas importer, Petronet LNG has successfully renegotiated a deal to buy liquefied natural gas (LNG) from Qatar's Rasgas at a reduced price allowing the company to save about $605m a year in total.
Delhi is expected to sign a deal with the US-based Westinghouse Electric Company LLC to build six nuclear reactors in India in the first half of 2016 to get country's $150b worth of nuclear power plans off the ground ...
India has shipped in 7.2% more oil in November, compared with a year ago, with Saudi Arabia as the top seller, and Iran's imports seeing the lowest level.
Minister of Petroleum and Mineral Resources, Tarek El-Molla met with Ambassador of India, Sanjay Bhattacharyya to explore ways to strengthen bilateral relations between the two countries in oil, gas and petrochemical ...
India will deregulate gas prices for locally extracted natural gas and allow producers marketing autonomy during auctions for new exploration blocks, Bloomberg reports. A notice on the Indian Oil Ministry’s website d ...
Angola's vice president Manuel Domingos Vicente has returned from a recent visit to New Delhi, where he took part in bilateral talks with the Indian minister of Oil and Natural Gas, Dharmendra Pradhan.
Foreign companies are in talks to buy a stake of up to 24 percent in the Bina refinery in India's Madhya Pradesh state which is jointly owned by Bharat Petroleum Corp (BPCL) and the Oman Oil Company