VOSTOK OIL PROJECT
Ending ties with Russia's Rosneft, Trafigura sells Nayara stake to Hara Capital Sarl
The deal size was not disclosed in the official statement. People involved in the transaction said Hara, a wholly owned subsidiary of Italian energy investment company, Mareterra Group Holding, paid $165.9 million or the book value of the stake, based on disclosures in Trafigura's last annual report.
Plans afoot to raise Russian energy sector investments
The critical issue of India's interest to secure energy assets in Russia was the key item on the agenda when foreign minister S Jaishankar met his Russian counterpart Sergey Lavrov in Moscow on Tuesday.
Russia is running out of oil customers
Even without direct sanctions on its energy industry Russia will lose around one million barrels per day (bpd) in oil exports, according to analyst Jarand Rystad, head of Rystad Energy, from the 10.5 million bpd it sold last year. That is despite the scarcity of global supplies sending prices soaring.
Casualties of Ukraine-Russia war: Indian industry feels the heat
Higher crude oil prices and a weaker currency will make it difficult for the RBI to keep interest rates low and support growth. The rupee has already lost 1.33% of its value in 2022 and is among the worst-performing currencies in emerging markets.
No challenge in selling from Russian oilfields, says ONGC
Oil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that are aimed at non-energy sectors. Cautious financiers, insurers, and traders are steering away from Russian oil cargoes. "As of now, we have not faced any issues (in selling crude)," ONGC said.
Russian banks' exclusion from SWIFT to hurt Indian oil companies
State-run ONGC, Oil India, Indian Oil, and BPCL have investments in multiple Russian oil and gas fields, with some fields permitting stakeholders to sell their share of equity oil while others offering just the dividend.
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Modi-Putin summit to focus on Russian areas bordering China
India has ambitious plans for resource-rich Russian Far East and Modi had announced $1 bn Line of Credit (LoC) for various projects in the region while announcing India's Act Far East Policy from Vladivostok in 2019. Monday's summit will give further impetus to India's involvement in the region, ET has learnt.
Vladimir Putin's visit shows why India is a priority for Moscow
The Russian president is essentially making a statement that India is a priority for him over and above many of Moscow’s other partners.
Far-East Russia big focus of Modi-Putin summit
India has ambitious plans for resource-rich Russian Far East and Modi had announced $1 bn Line of Credit (LoC) for various projects in the region while announcing India's Act Far East Policy from Vladivostok in 2019. Monday’s summit will give further impetus to India’s involvement in the region, ET has learnt.
India receives first direct shipment of Russian LNG under long term contract
The shipment was supplied by Russian gas company Gazprom under its long-term (20 year) LNG contract with GAIL (India) Ltd, it was been learnt. The shipment travelled through the Northern Sea Route, Pacific Ocean and Indian Ocean to GAIL's Dabhol terminal.
First batch of S-400 on track for delivery this year: Envoy
“The manufacture and co-production of four Project 1135.6 Frigates, manufacture in India of the world’s most advanced assault rifle –– AK-203 through 100% indigenisation, additional supplies of Su-30 MKI as well as the MiG-29s, additional supplies of the MANGO ammunition & VSHORAD systems, among others are also on track,” the envoy noted.
India should play the great game for Artic oil & gas
In the inhospitable wastelands of the Siberian Arctic, whipped by blizzards and wrapped in polar night for six months in a year, a great game is playing out.
OVL in talks to buy stake in Russia's Vostok, Arctic LNG-2 project
Russian Energy Minister Nikolay Shulginov said almost all major companies -- including Rosneft, Gazprom Neft, and Novatek -- were interested in developing new projects with Indian oil and gas companies.
Hardeep Singh Puri’s Vladivostok visit boosts Indo-Russian energy trade
ONGC and IOC signed separate MoUs with Russian gas sector giant Gazprom at the Forum where Puri met Dmitry Konov, chairman of the management board of Russia’s largest integrated petrochemicals firm PJSC SIBUR Holding.
India in talks with Rosneft for stake in Russia’s massive Vostok project
Rosneft CEO Igor Sechin met Indian oil minister Hardeep Singh Puri, who is in Russia for an economic forum, and discussed the Vostok Oil project.
India's ONGC evaluating stake buy in Russia's Vostok Oil project
Vostok is one of Russia's biggest oil projects, comparable in size with the exploration of West Siberia in the 1970s or the U.S. Bakken oil province over the past decade.
India explores major investments in hydrocarbons & renewables in Russian Arctic region
India’s current investment in Russia stands at $15 billion in oil and gas projects and it is looking to expand its presence in the new oil project being developed by the Russian national oil company Rosneft in the Arctic, according to people aware of the matter.
We are hopeful that situation at the LAC will be de-escalated soon: Russian Ambassador
"We are also looking forward to further high and highest levels engagements in the framework of BRICS, SCO and RIC, where Russia is currently chairing, in order to expand mutual understanding and mutual trust for the sake of stability and sustainable development, particularly in Eurasia," Ambassador Nikolay Kudashev said.
India, Russia plan MoU on coking coal; boost crude oil trade
The ministers also reviewed ongoing projects and plans including the participation of Indian companies such as Indian Oil Corporation in Russias state-owned Rosneft’s Vostok oil project in the Russian Arctic, Novatek’s deal to supply of LNG to H-Energy, cooperation between Gail and Gazprom.
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