India’s energy sector is expected to attract foreign investments worth more than US$300 billion in the coming decade, minister for petroleum and natural gas Dharmendra Pradhan said on Decmber 11. Addressing an annual energy conclave, organized by KPMG, Pradhan said: “The global investment industry is today keenly looking at Indian energy sector as an attractive […]
Cairn Oil and Gas, the upstream division of mining giant Vedanta, has said that it has sought the government’s approval to enhance oil production capacity at its flagship Barmer block in Rajasthan to 400,000 barrels of oil per day (bpd) and natural gas output to 750 million standard cubic feet per day (mmscfd). “The RJ […]
Bracing for unforeseen price shocks and supply disruptions, India is trying to strengthen its Strategic Petroleum Reserves (SPRs) in partnership with foreign oil producers and traders.
The recent surge in crude oil prices along with a nosediving rupee is likely to jack up India’s oil import bill by over 42 percent to more than US$125 billion in fiscal year (April-March) 2018-19
