India and Russia on Monday explored opportunities for investments in oil and gas sectors in both countries eyeing to expand their partnership in this sector.
Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries (OPEC) and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday.
India must provide sovereign guarantee for financial assistance to Jaitapur nuclear power plant, says EDF
French major EDF, which has got the contract for building reactors for the Jaitapur nuclear power plant, has said India will have to provide a sovereign guarantee to two other state-run firms of France for providing financial assistance for the project.
ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested the ESP software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5% with no additional capital investment.
Russian gas producer Novatek plans to double capital expenditure in 2019 to 185 billion roubles ($2.8 billion) on new fields, port facilities and other projects, executives said on Thursday.
Iranian Oil Minister Bijan Namdar Zanganeh said the country has accepted Russia’s proposal to construct a subsea pipeline for exporting natural gas from the Islamic Republic to India.
India is in touch with Russian authorities following reports that some Indians were affected in a deadly blaze on two cargo ships in the Black Sea near the Kerch Strait, officials said on Tuesday.
Oil prices fell more than 2% on Tuesday, dropping for a third consecutive session on reports of swelling inventories and forecasts of record US and Russian crude oil production amid a sharp sell-off in global stock markets.
Iranian Oil Minister Bijan Zanganeh said on Wednesday that, because of U.S. sanctions, India had refused to allow a Russian-owned Indian refinery to use Iranian crude oil that India had obtained under waivers.
OPEC and its allies continued to haggle over the size of potential crude-production cuts in Vienna on Wednesday as U.S. President Donald Trump urged the group to keep the taps open and prices down.