The shipment earlier bound for Gujarat’s Vadinar has changed course amid payment concerns; could still reach India if issues are resolved, according to Kpler.
Also, The Economist examines if India’s ‘balancing act’ amid chaos offers it autonomy, or does it suggest it is ‘dangerously dependent on lots of different places at once’.
Work on the Barmer Pachpadra refinery is expected to be completed by March 2024, after a decade of delays, controversies, and battles between BJP and Congress. Blame-game is still on.
The Oman Tank Terminal Company has almost finished constructing eight tanks to store crude for a new refinery near the town of Duqm on the Arabian Sea.
Signed last year, Saudi-UAE joint project has been facing hurdles. Coastal refinery jointly owned by India's state-run oil firms likely to come up in Maharashtra.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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