India-Russia oil trade: Even January’s low is well above pre-war levels. More significantly, according to traders and refiners, volumes could rebound as unsanctioned suppliers squeeze in and a vast number of new trading intermediaries appear.
India and Russia are boosting nuclear energy ties. They will cooperate on the fuel cycle and support the Kudankulam plant. New advanced nuclear technologies are also on the agenda. Discussions will accelerate on Russian-designed reactors and joint manufacturing. Fuel for Kudankulam Units 3 and 4 has begun delivery. This marks a significant step in India’s…
ONGC Videsh Ltd, the overseas investment arm of India’s top explorer ONGC, and other state-run Indian companies have not been able to repatriate about $800 million in dividends from stakes in Russian energy assets due to sanctions, industry sources told Reuters.
New Delhi-based IntelliSmart was set up as a joint venture between NIIF and Energy Efficiency Services Ltd. in 2019 to roll out a smart meter program to Indian power companies, according to an announcement at the time. The meters can be read remotely and are also used to identify network failures, as well as provide…
Nine bidders, including Adani Power and JSW Energy, have submitted formal offers ranging from Rs 3,000 crore to Rs 4,000 crore for GVK Energy’s operational 330 MW Alaknanda hydro power plant. The plant, with a PPA until 2045, has significant debt, with unsecured creditors holding the majority of claims.
Indian refiners Indian Oil Corp and Bharat Petroleum Corp have resumed January orders for Russian oil from non-sanctioned suppliers due to attractive discounts. BPCL secured four cargoes of Urals and CPC, while IOC also purchased Russian oil for January loading. Other state refiners and Nayara Energy continue to process Russian crude.
Russia’s state nuclear corporation has delivered the initial nuclear fuel for the third reactor at India’s Kudankulam plant. This marks a significant step in expanding the plant’s capacity. The delivery coincides with Russian President Vladimir Putin’s visit to New Delhi.
Nigerian multi billionaire businessman, also the richest in Africa is hero to some and monopolist to others. He is seeking India Inc’s help again for ramp up his $20 billion Lagos complex biggest in world with throughput of 1.4 mn barrels a day.
Iranian-backed drones attacked American oilfields in Iraq’s Kurdistan region. This prompted the United States to exert intense diplomatic pressure on Baghdad. The US threatened sanctions if a key oil export pipeline to Turkey was not reopened. Following this pressure, Iraq agreed to restart the pipeline. This event signals a shift in influence within Iraq, favoring…
India’s nuclear energy sector is getty ready for a significant transformation. New laws are being introduced to boost nuclear power capacity to 100 GW by 2047. These changes will allow private companies to participate and address concerns regarding liability and fuel supply. This move aims to meet rising energy demands and support India’s growth as…