India will have the right over 65 per cent of 6 million barrels of crude oil that Abu Dhabi National Oil Company (ADNOC) will store at the country’s maiden strategic storage at Mangalore. ADNOC will send three large ships carrying crude oil beginning April to fill half of the 1.5 million tonnes strategic oil reserves that India has built at Mangalore, a senior government official said. Out of […]
The recent massive rise in global crude oil prices has now started inflating the oil import bill for India that meets 80 per cent of its crude requirement through inbound shipments. January’s oil import cost ballooned by a whopping 46 per cent to land at $9.6 billion as against $6.6 billion in the same month last year — the highest monthly increase in the past year.
With New Delhi and Amman engaging to expand ties in education, IT, renewable energy and research, trade is expected to touch $5 billion by 2025.
The Canadian Prime Minister Justin Trudeau is on a week-long visit to India. While trade, education, infrastructure, and skill development top the visit’s agenda, climate change action is another dimension highly important for the long-term economic growth and the international reputation of both Canada and India.
Four countries — the U.S., Japan, India and Australia — could join forces to set up an alternative to China’s Belt and Road Initiative in an attempt to counter Beijing’s growing influence, the Australian Financial Review reported Sunday.
Canadian Prime Minister Justin Trudeau arrived in India on Saturday for a week-long visit aimed at enhancing business ties between the two countries.
Enforcement of the double taxation avoidance agreement and extension of preferential tariff would give a fillip to trade and investment between Iran and India , Masoud Karbasian, Minister of Economic Affairs and Finance, Iran said here on Saturday.
The Nepal-India cross-border oil pipeline project — Motihari-Amlekhgunj petroleum pipeline project, previously called Raxaul-Amlekhgunj oil project — has been expedited with the active participation of Indian Oil Corporation.
Iranian President Hassan Rouhani will be on a three-day visit to India from Thursday. Bilateral talks are likely to focus on the progress on the Chabahar port of Iran that New Delhi is helping to develop, bilateral trade — particularly the issue of Indian investment in Iran’s Farzad-B gas field and oil imports, and mutual regional security concerns.
Iranian President Hassan Rouhani will address a gathering of Muslim intellectuals and clerics during his two-day visit to Hyderabad starting tomorrow, official sources said Wednesday.