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New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
New Delhi, Oct 23 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 mil ...Read More >
New Delhi, Oct 23 (PTI) US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Amban ...Read More >
Mumbai: Nayara Energy may have to offer a $1-2 per barrel discount to India's state-run oil marketing companies (OMCs) to sell petrol and diesel that the Russian-owned refiner cannot export due to European sanctions, people close to the development said. The Rosneft-backed company, which operates a 20-million-tonne refinery in Gujarat, has been in talks with Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation to place its refined fuel with them. These state- ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooper ...Read More >
NEW DELHI: Nayara Energy's refinery at Vadinar in Gujarat became the first in India to come under Western sanctions as the European Union on Friday announced fresh curbs on Russian oil exports with the aim of throttling funding for Moscow's war machine."For the first time, we're designating a flag registry and the biggest Rosneft refinery in India," agencies quoted EU foreign policy chief Kaja Kallas as saying.India responded by saying it "does not subscribe to any unilateral sanction measures. ...Read More >
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