Top Russian oil producer Rosneft has raised the stakes in its battle with Saudi Arabia for market share by securing new Asian markets to hedge against the risk that any new Western sanctions could hit crude sales. Ros...
India will simultaneously push for two gas pipelines originating from Central Asia, one from Kazakhstan and the other from Turkmenistan, during Prime Minister Narendra Modi’s visit there this month, in a bid to ...
Mangalore Refinery and Petrochemicals has made its first purchase of Egypt’s Ras Gharib crude, two sources with knowledge of the tender award said. The purchase is for loading in first half of July. Trader Vitol...
State refiners Indian Oil Corp and Hindustan Petroleum Corp are holding talks with Iraq’s national oil company to buy 4 million barrels of Basra light crude oil for India’s strategic petroleum reserves (SP...
China and India signed 26 business deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said on Saturday. Namgya C. Khampa, of the In...
Anticipating easing of Western sanctions against it, Iran is acting tough over giving India’s state- owned ONGC the rights to develop the Farzad-B gas field in the Persian Gulf. Apparently upset over India not c...
Iran and Brazil have signed a memorandum of understanding (MoU) to build a new oil refinery in Latin America, an Iranian deputy minister of petroleum says. Speaking to reporters on the sidelines of the 20th Internatio...
Moscow plans to invite companies from India to jointly extract oil and gas from Russia’s Arctic shelf deposits, Kremlin aide Yuri Ushakov said Wednesday. “There are plans to attract Indian companies to dev...
Following years of dawdling over development of Iran’s Farzad B gas field by Indian companies, Iran has rejected the latest package proposed by an Indian delegation for the development of the field. According to...
India is in talks with Qatar to import at least 10% less liquefied natural gas (LNG) under a long-term deal after a slide in spot prices has cut demand by local buyers, an Indian government source with knowledge of th...