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Oil minister Hardeep Singh Puri said Russian oil accounted for about 0.2% of India's overall crude imports prior to the Ukraine war. Russian oil now accounts for over a third of Indian oil imports.
Rating Action: Moody's affirms Oil India's Baa3 ratings; downgrades BCA to ba1Global Credit Research - 30 Mar 2021Singapore, March 30, 2021 -- Moody's Investors Service has affirmed the Baa3 ...
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.
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Russian state-owned oil firm Rosneft has signed a deal worth $13bn (£10bn) a year selling oil to Indian refiner Reliance in a blow to sanctions against Vladimir Putin’s government.. The 10-year ...
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The 2020 Assam gas and oil leak, also referred as the Baghjan gas leak, was a blowout and methane leak that happened in Oil India Limited's Baghjan Oilfield in Tinsukia district, Assam, India on 27 May 2020. The blowout occurred at Well No. 5 in the Baghjan Oil Field, resulting in a leak of natural gas.
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