Well Oiled: Wheels begin to turn in India
Bold policy initiatives and a move towards tapping India’s natural gas potential are set to transform the oil and gas industry in the country. Sometimes an under serviced high potential industry or sector needs a commensurate high profile billion-dollar global deal to get things moving. For India’s domestic oil and gas industry, last month’s $13 billion-deal between Ruias of Essar Group and a Russian consortium led by petroleum giant Rosneft PJSC seems like that Eureka moment. The deal sees Rosneft [...]