Tehran: Syrian Prime Minister Hussein Arnous accused that a terror attack was carried out on an Iranian oil tanker carrying oil to Syria, in the Red Sea marine region. The Syrian Prime Minister has not held anyone responsible for this attack. But Prime Minister Arnous criticised that this attack affected the oil supply to Syria. […]
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New Delhi: Oil India Limited (OIL) has found large Natural Gas deposits in the Tinsukia district of Assam. The gas deposits were discovered while excavation work was being carried out in the Dinjan-1 well. OIL announced that as per preliminary reports, 1,25,000 cubic metres of Natural Gas will be available per day from the well. […]
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New Delhi/Mumbai: – There was an addition of nearly $3.5 billion to the Indian foreign exchange reserves, in a matter of only a week, taking it to a record $555 billion. There has been an increase of a whopping $80 billion, even during the times of Coronavirus crisis, and the annualised increase is $115 billion. […]
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New Delhi: The Indian Foreign Exchange (Forex) reserves have increased to cross the USD 500 billion mark. This takes India to the fifth spot in the list of countries with the highest forex reserves. The economists are looking at the increased forex reserves as an excellent sign. As per the economists, forex reserves have increased […]
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New Delhi: There is a massive decline in the prices of crude oil internationally. Hence, India sought the opportunity and filled up the oil refineries at the fullest. Now, India is looking forward to storing crude oil in the US, informed the Petroleum Minister, Dharmendra Pradhan. He told about this proposal to the media, which […]
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Moscow: Russian foreign ministry spokeswoman, Maria Zakharova levelled a serious allegation, ‘The United States perpetually pats its own back claiming to be a country promoting democratic values and abiding by the international regulations. But this very country is stealing crude oil from Syria, behind the façade of conflict against the terrorist organisation IS.’ The Russian […]
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Washington: The United States will be deploying military yet again for the security of the oil reserves in eastern Syria under Kurdish control. A leading US weekly claimed that 30 Abram tanks and a minimum of 1,500 soldiers will be deployed in Syria. Proposal for this deployment has been submitted by Pentagon to the Trump administration and […]
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Moscow/Caracas: Russia, consistently supplying military and financial aid to Venezuela, has started moves to take over the Venezuelan oil sector. A report published in the media claimed that a Russian company would be taking over the Venezuelan oil company, PDVSA, against the loans provided to it. Although the Venezuelan leaders have dismissed the claims, the […]
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Moscow: The largest Russian oil company ‘Rosneft’ has decided to permanently outcast US dollar from its transactions. In an independent release, Rosneft clarified that henceforth, the oil rates will be announced only in Euro, instead of US dollars. All the customer companies have been issued instructions regarding this and the company has already started transacting […]
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Riyadh: Saudi Aramco, Saudi’s leading oil company has discovered large quantities of natural gas reserves in the Red Sea. The Saudi Press Agency confirmed the announcement of Saudi Arabia’s Oil Minister, Khalid al-Falih had made. Two years ago, Saudi Arabia’s Crown Prince Mohammed bin Salman had announced an ambitious project, the Future Megacity Neom worth […]
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