It´s raining good news for the Indian economy. Credit Suisse has said that India will witness the fastest dollar nominal growth in 2015. And falling oil prices are proving to be a major windfall for the country.
Tag: Saudi Arabia
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India to deepen oil ties with Saudi Arabia
India has invited Saudi Arabia to invest in strategic crude oil storages and downstream facilities.
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Zahid Tractor sells BAUER drilling rig
Zahid Tractor's Rental Division has sold the first BAUER BG39 drilling rig in the Middle East to HUTA Foundation Works Co to be used for the Madinah Holy Mosque expansion. As a result, the BAUER Group has presented the Rental Division with the Sales Appreciation Award 2013 for outstanding sales and achievement. In 2010, Zahid Tractor became the exclusive dealer for BAUER drilling rigs, tools and accessories in Saudi Arabia.
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L&T bags Rs 8,250-cr order from Saudi Arabia
L&T Construction's Heavy Civil Infrastructure Business has bagged a contract worth $1.403 billion (Rs 8,250 crore) from Riyadh Development Authority for a metro project in Saudi Arabia.
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L&T bags Rs 8,250-cr order from Saudi Arabia
L&T Construction's Heavy Civil Infrastructure Business has bagged a contract worth $1.403 billion (Rs 8,250 crore) from Riyadh Development Authority for a metro project in Saudi Arabia.
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Oil import from Iran set to fall further in FY13
Media reports indicate that India's crude oil import from Iran may fall from 18.1 million tonne (mn t) in 2011-12 to about 13 mn t in 2012-13 because of sanction imposed by Western countries on the gulf nation. During the April-December 2012, Iran, which was IndiaÂ’s second biggest supplier of crude oil after Saudi Arabia in 2010-11, supplied
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Addl Oil from Saudi
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.
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KEC bags Saudi order
KEC International (KEC) has secured order from Saudi Arabia for supply and construction of transmission lines on turnkey basis.
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Cost-effective road technology from IPPL
India Polyroads (IPPL) has introduced high quality polymer stabilisation products that make road construction more cost effective and time saving.