India hopes Abu Dhabi National Oil Company (ADNOC) will send the first shipment of crude oil to fill the country’s 0.75 million tonnes strategic petroleum reserve at Mangalore starting in May, Oil Minister Dharmendra Pradhan said in New Delhi on Tuesday.
Abu Dhabi National Oil Company (ADNOC) has signed an agreement to store about 6 million barrels of crude oil at India’s maiden strategic oil reserve.
Prime Minister Narendra Modi’s visit to west Asia has cleared the way for turning India into a regional oil storage and trading hub, with Abu Dhabi National Oil Company (ADNOC) getting ready to park its crude in Indian storage facility.
Abu Dhabi National Oil Co (ADNOC) will spend more than 400 billion dirhams ($109 billion) in the next five years which will include boosting gas output and investing in international downstream activities, ADNOC said on Monday.
Indian oil firms are in talks with state-run Abu Dhabi National Oil Co (Adnoc) to acquire a stake in its ADMA-OPCO offshore oil concession when it comes up in 2018, Indian officials said on Friday.
Indian oil companies could acquire up to 20% of an oilfield belonging to the Abu Dhabi National Oil Company (ADNOC), Utpal Bora, chief managing director of Oil India Limited, said on Thursday.
Indian oil companies could acquire up to 20 percent of an oil field belonging to the Abu Dhabi National Oil Company (ADNOC), Utpal Bora, CMD of Oil India Limited, said on Thursday.
Abu Dhabi National Oil Co (ADNOC) expects to make a final decision on whether to renew Japanese firms’ oil concessions in Abu Dhabi oilfields before year-end or very early next year, its top executive told the Nikkei business daily.
Indian Oil intends to receive the sour crude from North American sellers at Paradip port between September 25 and October 4 or at Vadinar refinery in the western part of the country during the first week of October.
Asian diesel margins climbed to their highest in more than two months on Friday as a buying spree from India that began in April and more regional refinery maintenance than usual has tightened supply for the fuel, industry sources said.