India will import crude oil from Iran to counterbalance any supply disruptions arising from imminent strikes by the US on Syria. The country has ruled out any considerable impact on IndiaÂ’s crude oil import supply in the event of US strikes on Syria. Prices of oil in the global markets have been hiked with the reports of imminent US strikes on Syria.
Tag: India
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SPML Infra secures new orders worth Rs. 1802.10 crores
SPML Infra Ltd., India's leading infrastructure development company has won new orders worth Rs. 1802.10 Crores from South Bihar Power Distribution Company Ltd. (SBPDCL), Bihar and Public Health Engineering Department (PHED) of Rajasthan.
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India, China to tie-up to cooperate in road sector
For cooperating in their road and transport sector, India and China are set to sign an agreement when Prime Minister Manmohan Singh visits Beijing in next October. Transport ministries of both countries have approved the details of the proposed agreement. Last year, India had reached out to Chinese infrastructure companies to invest in the road sector. Identified areas of cooperation include sharing best practices in road and bridge building technologies, policies, intelligent traffic system bes
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Oil-rich South Sudan looks to India to up its agri-production
To improve its agricultural and food security practices, South Sudan is looking to India. The oil-rich African country hopes the New Delhi visit of Salva Kiir Mayardit, the president of the world's youngest nation, will lay a solid foundation to further promote bilateral relations with India. Mayardit is to be in India from August 26-28.
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Domestic crude oil output in India dips by 2.3%
Indian oil refinery companies have imported 15.944 million tonne of oil in July against 14.594 million tonne in the same month last year as the domestic crude oil output has diminished. Domestic oil production dropped by 2.3 per cent in July, states the data of the Union Ministry for Petroleum & Natural Gas.
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India consumed 17.80 mn t steel during April-June: Govt
India had a steel stock of 1.824 million tonne after real consumption of 73.33 million toone by the end of 2012-13, said the Union Minister of Steel Beni Prasad Verma recently. By the end of last June this year, the country had a steel stock of 1.626 million tonne, he added.
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India, China to share practices in road construction
When Indian Prime Minister Manmohan Singh visits China in October next, India and China are set to sign an agreement for cooperation in the road and transport sector. The areas of cooperation have been identified and agreed by both the sides and these include sharing the best practices in road building technology and road safety related issues. China has made huge progress in building world class highways and over 60,000 km of expressways.
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Iraq denies crude oil at special price to India
Iraqi Deputy Prime Minister for Energy Hussain Ibrahim Saleh al-Shahristani said the country could not sell crude oil at a concessional price to India as its laws do not allow such a move. Iraq is the second-largest supplier of oil to India, which imports about 20 million tonne of crude oil from the gulf nation annually
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Oil firms may cut petrol prices by more than 1 Re
Considering the latest fall in international oil rates, oil firms in India plan to slash petrol prices by more than one rupee per litre shortly. But the oil companies may have wait for the Parliament's decision to hike diesel prices.
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IGS to supply gas to India
Global oil and gas major BP plans to sell some of the US Freeport liquefied natural gas (LNG) in India through its joint venture firm Indian Gas Solutions (IGS). It may be recalled that IGS is a joint venture between BP and Mukesh Ambani-promoted Reliance Industries,. BP earlier agreed to buy 4.4 mn tpa of liquefaction tollin