India has sought an additional 100,000 barrels per day (bpd) from Saudi Arabia for 2012-13 as a replacement for a cut in supplies from sanctions-hit Iran.Saudi Arabia is the biggest oil supplier to India, the world’s fourth-biggest oil consumer, and is the only oil producer with significant spare capacity to replace any fall in supply from its regional rival Iran.
Author: admin (Infratructure Today)
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BP, Videocon on
Mozambique gas Bharat Petroleum Corp and Videocon are riding high on a giant gas find in Mozambique, where their stakes are valued at $2 billion each, but both are keen to hang on to their holdings as the value is expected to grow, and they can ship the gas to India.
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ONGC to speed up KG Basin work
The Oil and Natural Gas Corporation (ONGC) will accelerate work on a major oil and gas project in the Krishna Godavari basin by taking up works simultaneously with regard to exploration, development and seeking approvals from the government. ONGC has taken to production of both oil and gas from the KG Basin in a small way late in 2011.
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A real estate game
The progress of Indian airports from aero- to non-aero-heavy revenue model may happen sooner than we thought. On the one hand Indian airports that are finally looking world-class even lavish and opulent, some say while airlines are cutting themselves down to size and not thinking beyond low-cost.
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The waiting game
Should part of the blame in the aviation sector’s restrained growth and financial troubles go to the infrastructure around it? The long drawn-out development of smaller airports may offer real estate potential for private players, who may be eyeing that part of the non-aero revenues.
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Meeting challenges of new era.
In the Indian aviation market, traffic figures continue to increase year on year.But with the increased penetration of the ‘low cost’ model, organisations in the sector are finding it hard to match their generated profits with the rise.As one of the most mathematical typologies, aviation space has long been associated with the efficient logistics of people in a rigorous and sequential fashion.
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Why ICDs and CFSs in India need to consolidate
Consider this: At 4.5 mn TEUs last year,Jawaharlal Nehru Port handled over 55 percent of India’s container volumes.Yet it handled less than a fifth of Singapore’s 25 mn TEUs.What ails India’s container trade? In this issue, we focus on the most important piece in the container logistics eco system: dry ports
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Do discoms need a bailout?
Experts debate how the franchise model in power distribution and Open Access will help or hamper the financial condition of state distribution companies.Excerpts from the 2nd Power Today Round Table.December’s Rs 500 crore bailout package announced by the Delhi Government to the Reliance owned discoms in that state has proved that it won’t just be the publicly owned ones that face financial crisis.
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Deepest platform to augment oil supply off-Mumbai
Essar Projects is completing ONGC’s D1 development project on a fast-track basis within 24 months on EPC by this month end.India’s farthest and deepest offshore platform is neaÂring completion on fast track,and is expected to go on-stream by the end of this month.
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Partnering for sustainable city infrastructure
UK is working closely with India especially for the development of sustainable city infrastructure across the country.The British India Infrastructure Group is looking for partnership opportunities across India’s extensive infrastructure development programme.Mike Nithavrianakis explains.