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India Will Buy Oil From Wherever It Gets "Best Deal": Indian Envoy To Russia
Indian companies will continue buying oil from wherever they get the "best deal", India's envoy to Russia Vinay Kumar has said, asserting that New Delhi will continue taking measures which protect its "national interest".
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Amid Trump Tariffs, S Jaishankar's Push For Russian Companies To Engage "Intensively" With India
External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage "more intensively" with their Indian counterparts.
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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
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India, UAE Undertake First-Ever Crude Oil Transaction In Local Currency
The first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system took place on Monday between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL).
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Bharat Petroleum To Raise Rs 180 Billion Amid Green Energy Push: Report
State-owned oil marketing company Bharat Petroleum said on Wednesday it approved raising up to 180 billion rupees ($2.19 billion) through an issue of equity shares on a rights basis underscoring India's push to achieve net zero-emissions goals.
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Setback For Indian Shipping Firm Transporting Russian Oil: Report
Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters.
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"To Get Best Deal": S Jaishankar On Buying Russian Oil Amid Ukraine War
The government does not ask Indian companies to buy oil from Russia but it is a sensible policy to get the best deal in the interest of the Indian people, External Affairs Minister S Jaishankar said on Wednesday.
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US Sanctions Indian Company For Iran Oil Deal
A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.
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Indian Refiners Pay Dollars For Russian Oil After Dirham Attempts Fail: Report
Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier.
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Shell Buys Indian Renewables Firm Sprng Energy For $1.55 Billion
Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.
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India Oil Cos' $125.5 Million Dividend From Oil Assets Stuck In Russia
European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.
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Russian Oil Tankers Get India Safety Cover Via Dubai Company
Data compiled from the IRClass website shows that the Indian Register of Shipping has certified more than 80 ships managed by SCF Management Services (Dubai) Ltd, a Dubai-based, a subsidiary of Sovcomflot.
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Exclusive: Russia Has No Extra Oil To Sign Deals With Two Indian Buyers; Sources
Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".
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Russia Becomes India's Second Biggest Oil Exporter - Report
India's oil imports in May totalled 4.98 million bpd, the highest since December 2020, as state refiners raised output to meet growing local demand.
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Shell Buys Indian Renewables Firm Sprng Energy For $1.55 Billion
Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.
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India Will Buy Oil From Wherever It Gets "Best Deal": Indian Envoy To Russia
Indian companies will continue buying oil from wherever they get the "best deal", India's envoy to Russia Vinay Kumar has said, asserting that New Delhi will continue taking measures which protect its "national interest".
-
Amid Trump Tariffs, S Jaishankar's Push For Russian Companies To Engage "Intensively" With India
External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage "more intensively" with their Indian counterparts.
-
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
India, UAE Undertake First-Ever Crude Oil Transaction In Local Currency
The first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system took place on Monday between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL).
-
Bharat Petroleum To Raise Rs 180 Billion Amid Green Energy Push: Report
State-owned oil marketing company Bharat Petroleum said on Wednesday it approved raising up to 180 billion rupees ($2.19 billion) through an issue of equity shares on a rights basis underscoring India's push to achieve net zero-emissions goals.
-
Setback For Indian Shipping Firm Transporting Russian Oil: Report
Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters.
-
"To Get Best Deal": S Jaishankar On Buying Russian Oil Amid Ukraine War
The government does not ask Indian companies to buy oil from Russia but it is a sensible policy to get the best deal in the interest of the Indian people, External Affairs Minister S Jaishankar said on Wednesday.
-
US Sanctions Indian Company For Iran Oil Deal
A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.
-
Indian Refiners Pay Dollars For Russian Oil After Dirham Attempts Fail: Report
Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier.
-
Shell Buys Indian Renewables Firm Sprng Energy For $1.55 Billion
Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.
-
India Oil Cos' $125.5 Million Dividend From Oil Assets Stuck In Russia
European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.
-
Russian Oil Tankers Get India Safety Cover Via Dubai Company
Data compiled from the IRClass website shows that the Indian Register of Shipping has certified more than 80 ships managed by SCF Management Services (Dubai) Ltd, a Dubai-based, a subsidiary of Sovcomflot.
-
Exclusive: Russia Has No Extra Oil To Sign Deals With Two Indian Buyers; Sources
Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".
-
Russia Becomes India's Second Biggest Oil Exporter - Report
India's oil imports in May totalled 4.98 million bpd, the highest since December 2020, as state refiners raised output to meet growing local demand.
-
Shell Buys Indian Renewables Firm Sprng Energy For $1.55 Billion
Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.
