Energy

$13 Billion Deal: Russia Fuels India’s Energy Revolution 1

$13 Billion Deal: Russia Fuels India’s Energy Revolution

India has managed to reduce its oil spending in recent months, even though it’s been buying more crude oil from abroad. How is this possible? The answer lies in falling global crude oil prices. Between September and November, India’s oil import costs dropped by 9% compared to the same period

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Russia To Launch New Gas Pipeline To China 1

Russia To Launch New Gas Pipeline To China

Russia has started working on a huge new gas pipeline to China, which will also pass through Kazakhstan. This pipeline is expected to deliver up to 45 billion cubic meters (bcm) of gas every year, with China set to receive 35 bcm, and Kazakhstan getting the rest. The project is

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Indian Oil Probes $11 Million Bribery Scandal Linked To US Firm 1

Indian Oil Probes $11 Million Bribery Scandal Linked To US Firm

Indian Oil Corporation (IOC), India’s largest oil refiner, has launched an investigation into claims that a US-based specialty chemicals company bribed its officials to win lucrative contracts over a decade ago. The US company in question, Albemarle Corporation, is a global leader in selling catalysts—chemical agents crucial for oil refinery

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Can India’s Pipeline Deals Save Sri Lanka? 1

Can India’s Pipeline Deals Save Sri Lanka?

India is stepping up to help its neighbor, Sri Lanka, by supplying liquefied natural gas (LNG), connecting electricity grids, and building a new petroleum pipeline. These major plans were announced by Indian Prime Minister Narendra Modi during a joint press event with Sri Lankan President Anura Kumara Dissanayake, who is

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