Reliance to Import Crude Oil worth USD 13 Billion From Rosneft
Under the biggest-ever oil supply deal signed between India and Russia, Rosneft will supply up to 500,000 barrels per day of crude oil to Reliance for the next 10 years. Dec 17, 2024 Reliance Industries Limited (RIL) has signed a 10-year deal with Russian state oil firm Rosneft for supply of up to 500,000 barrels […]
Government Permits ADNOC to Export Crude Oil from Mangalore Underground Strategic Storages
As per the Commerce and Industry Ministry order, ADNOC has been given permission to re-export crude oil from its commercial stockpile at Mangalore strategic petroleum reserve at its own cost. Mar 28, 2024 In order to give operational flexibility to the Abu Dhabi National Oil Company (ADNOC), the Government of India has given permission to […]
India to Source Oil from Venezuela in Lieu of Stuck Dividends Worth USD 600 Million: Petroleum Minister
India is also in conversation with countries such as Guyana, Suriname and Namibia to source crude oil, said Union Minister for Petroleum and Natural Gas Hardeep Singh Puri. Mar 29, 2024 India will be sourcing oil from Venezuela in lieu of stuck dividends worth USD 600 million. Besides, the nation was in talks with several […]
Niger Commissions 2,000 km Pipeline Project to Export Crude Oil
Niger has commissioned a 2,000-kilometer-long pipeline to Benin to export its crude oil to the international market for the first time. Niger’s government has invested USD 6 billion in the project. Nov 2, 2023 Niger has commissioned a massive pipeline to transport crude oil to neighboring Benin, marking a significant milestone for the West African […]
ONGC Lays Sub-Sea Pipeline to Directly Transport Panna Oilfield Crude Oil Yields Onshore
Oil and Natural Gas Corporation (ONGC) has connected the Panna oilfield in the Arabian Sea basin with the shore through a sub-sea pipeline. The pipeline will transport crude oil and save transportation costs amounting to USD 43,000 per day. Jun 22, 2023 Oil and Natural Gas Corporation (ONGC) has linked the Arabian Sea-based Panna oilfield […]
Cairn Oil & Gas’s Mangala Oil Field Celebrates 13th Year-Anniversary
Cairn Oil & Gas, which has three oil fields in Rajasthan (Mangala, Bhagyam, and Aishwariya), is intending to double its production capacities and further increase its contribution to India’s oil & gas sector. Cairn Oil & Gas, India’s largest private sector crude oil producer and a unit of Vedanta Group, has reached a significant milestone […]
