Naypyidaw/Beijing: – China has deployed its military near the Myanmar border to secure the China-Myanmar fuel pipeline. ‘The Irrawaddy’, a website from Myanmar, reported this. The website also claimed that this deployment could be to issue a warning to Myanmar. There is a massive resentment in the people of Myanmar against China over the issue […]
Read More »
New Delhi: – India has made preparations to teach a lesson to the countries, increasing oil prices by keeping the production low, despite the rising demand. Accordingly, India has reduced oil purchase from Saudi by 25%. The Indian government has ordered the oil companies not to depend entirely on Saudi for the oil but search […]
Read More »
Damascus: Syrian Petroleum Minister accused that the United States has taken control of the Syrian oilfield and is looting Syrian oil like a dacoit. The United States has manipulated this, taking advantage of the Syrian civil war. Till date, the United States has robbed Syrian oil worth nearly $92 billion. Syrian Petroleum and Mineral Assets […]
Read More »
Paris: – Since the last few days, US financial institutes are predicting and forecasting a flareup in the international oil prices. The International Energy Agency (IEA) claimed that these statements regarding oil price flareup are misleading. In the last five months, oil prices have increased by 80%. Moreover, the US financial institutions and analysts had […]
Read More »
Washington: – The Advisor to the Saudi Royal family claimed, ‘Missile and drone attacks were carried out on the fuel project in far eastern Saudi Arabia. The evidence regarding this is pointing to Iran as the perpetrator of the attacks.’ He made this accusation during an interview with a US newspaper. The Sunday attack has […]
Read More »
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. […]
Read More »
Vienna: – It was decided in the meeting of OPEC, the organisation of oil-producing countries, that the oil production should be maintained at the current levels. But Saudi created a sensation with an announcement that it will be cutting down its oil production by 1 million barrels. This Saudi decision comes as a jolt to […]
Read More »
New Delhi: Oil and Natural Gas Corporation (ONGC), the leading Indian company in the oil and natural gas sector, found a huge oil reserve in the Latin American country of Colombia. ONGC Videsh (OVL) has a 70% stake in the CPO-5 block, in the Llanos Basin in Colombia and it is reported that a massive […]
Read More »
New Delhi: – Prime Minister Narendra Modi announced that there is a plan to double the fuel storage capacities, in the country, over the next five years. The Prime Minister also underlined that the government is making efforts to increase the use of natural gas four times. The Prime Minister participated in the convocation ceremony […]
Read More »
Dispur: The fire in the oil well, of Oil India Limited, in the Bagjan village in the Tinsukia district, of Assam, which started five and a half months ago, has been finally doused. Three firefighters lost their lives in trying to control the fire. Three thousand residents from the village had to be moved to […]
Read More »
