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 […]
Saudi Aramco in Investment Talks with Indian Companies
Global oil giant Saudi Aramco eyes new markets for crude in Asia, having conversations related to investment in Indian companies. Feb 22, 2024 One of the leading petroleum and natural gas companies across the world, Saudi Aramco, has revealed that it was having conversations related to investment in Indian companies. Faisal Faqeer, senior vice-president, liquids […]
Iraq Plans to Build a Gas Pipeline to Europe
Iraq is planning to build a pipeline to ship gas to Europe as part of its multi-billion-dollar project involving the construction of a rail line to Turkey. Sep 20, 2023 According to reports, OPEC oil producer Iraq is planning to build a pipeline to ship gas to Europe as part of its multi-billion-dollar project involving […]
Gas Pipeline Deal Between L&T and Kuwait Oil Company Gets Extension
The gas pipeline project is valued to be about USD 450 million. The period of the agreement between Kuwait Oil Company and Larsen & Toubro would be extended for nearly 240 days, up until 26 December 2022. Kuwait has decided to increase the duration of its agreement with India’s engineering major Larsen & Toubro Ltd. […]
