New Delhi: Senior Indian officials have said that India will start importing oil from Iran once the United States withdraws sanctions imposed against Iran. Indirect talks are being held between the United States and Iran over the controversial Iranian nuclear program. During the negotiations, US state department spokesman, Ned Price, had said that the United […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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New Delhi: The Union Government has permitted Abu Dhabi National Oil Company (ADNOC) to export the crude oil stored in the Mangaluru Strategic Oil Reserves. The government has made the policy flexible for the purpose. Although the first right on the oil will be of India in an emergency, ADNOC will be allowed to export […]
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New Delhi: – India filled up its ‘Strategic Oil Storages’, in April, taking advantage of the low crude oil rates, on the international level. Union Petroleum Minister Dharmendra Pradhan informed that India saved nearly Rs 5,000 crores in these transactions. He was answering a question in the Rajya Sabha. In January, the crude oil rates […]
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