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The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow's oil revenue, India's oil secretary Pankaj ...
Shares were mostly lower in Asia on Wednesday after a decline on Wall Street as traders returned from a long holiday weekend. Japan’s Nikkei 225 index advanced but most other regional markets fell.
Oil India was formed in 1959 to operate this new field and other nearby concessions, with Burmah Oil holding 2/3rd equity holding and Government of India holding 1/3rd equity. Later in 1961, this was changed to 50/50 shareholding. In 1982, Burmah Oil transferred all its shares to Government of India and Oil India became 100% Government owned.
The National Infrastructure Pipeline (NIP) is a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of ₹ 102 lakh crore (equivalent to ₹ 120 trillion or US$1.4 trillion in 2023).
1 year, 7 days: 9 D. K. Barooah (1914–1996) Rajya Sabha MP for Assam: 5 February 1973 10 October 1974 1 year, 247 days: 10 Keshav Dev Malviya (1904–1981) MP for Domariyaganj: 10 October 1974 24 December 1975 1 year, 75 days: Minister of Petroleum (10) Keshav Dev Malviya (1904–1981) MP for Domariyaganj: 24 December 1975 24 March 1977 1 ...
India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [ 4 ] By March 2021, India's domestic crude oil production output fell by 5.2% and natural gas production by 8.1% in the FY21 as producers extracted 30.4917 Mt of crude oil and 28.67 BCM of natural gas in the fiscal year.
Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve OPEC members. Members of OPEC+ , which includes OPEC members produce about 60% of the world's petroleum. supply and demand In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports ...
The Indian Oil Group owns and operates 11 of India's 23 [29] refineries with a combined refining capacity of 80.7 million tonnes per year. [30] Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km.