The land-leasing agreement was signed between Bharat Coal Gasification and Chemicals Limited (BCGCL) and Mahanadi Coalfields Limited (MCL) to build a coal to Ammonium Nitrate project plant in Odisha.
The disruption in the Hormuz Strait has sharply reduced India’s intake of Gulf crude. This March, Gulf supplies—usually half of India’s crude imports—dropped from 2.6–2.7 mbpd to 1.2–1.3 mbpd.
IOC, BPCL, and HPCL have lost about Rs 20,000 crore due to the fuel price freeze. These losses will accumulate on balance sheets, raise borrowing costs, and circle back to the govt as contingent liabilities.
On 2 August 1958, Jawaharlal Nehru addressed the officers of the Oil and Natural Gas Commission at Tel Bhavan in Dehradun, advocating for oil exploration in the country to achieve self-sufficiency.
The government’s supposedly investor-friendly Hydrocarbon Exploration and Licensing Policy in 2016 has failed to yield results. India’s domestic crude oil output has continued to fall.
New Delhi: India Thursday called the targeting of commercial shipping and the closure of the Strait of Hormuz as “unacceptable” in its strongest criticism...
Fujairah, a major hub for both crude & fuels, has taken on increased significance for both the UAE & global markets because of its position outside the closed Strait of Hormuz.
In Episode 1810 of Cut The Clutter, ThePrint Editor-in-Chief Shekhar Gupta looks at rivalries between Gulf countries that prevented an alternative to the Strait...
Around 6 million barrels of Saudi oil headed to Indian ports via the kingdom’s west coast, while Indian refiners ramp up Russian purchases amid a temporary US waiver.
The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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