Three new petroleum and gas pipelines, a liquefied petroleum gas plans and oil storage facilities are going to be constructed in Nepal and boost bilateral relations.
India has opportunistically bought and stored cheap oil. As it actively ramps up strategic petroleum reserves from its current base of 9 days to 90 days cover, private players can find ways to benefit in this ten-fold capacity buildout.
An oil industry chief weighs up the changing dynamics within the Indian energy sector and what this means for foreign investors. The energy industry will see interesting times ahead. This is particularly true for India’s downstream petroleum fuels market as the country balances the additional need from an upwardly mobile population with the urgency to protect the environment and maximise energy security. The coming decade will likely witness India emerging as the country with the highest growth in petroleum fuels [...]
S. Thangapandian, Chief Executive Officer of Essar Oil UK, takes time out for ‘India Global Business’ to explain why the company is investing heavily in its Stanlow Refinery in Britain and the story behind turning a loss-making unit into a promising asset. What are the company's investment plans for the UK? Essar Oil (UK) Ltd, which owns and operates the Stanlow Refinery, will be investing further $250 million in the refinery. We have already invested over $800 million to turn [...]
As India looks set to increase its GDP fivefold, to about $10 trillion, by 2040, it is axiomatic that the country’s energy demand will rise in tandem.
India recently took a small first step towards ensuring its energy security by commissioning three underground storage units of the Strategic Petroleum Reserve Project with a combined capacity of 5.33 million metric tonnes of crude.
Dharmendra Pradhan has learnt quickly on the job and proved Prime Minister Modi's bet on this new minister in the Ministry of Petroleum and Natural Gas was a good one. Dharmendra Pradhan was only in his mid-40s when he was appointed petroleum and natural gas minister in the Narendra Modi government in May 2014. It was a big leap of faith on the part of the Indian prime minister, and the placing of a large responsibility on the shoulders of [...]
A senior public policy expert recaps the progress made in India’s petroleum sector and what more needs to be done for ‘India Investment Journal’. In the over two years that the Narendra Modi led government has been in power in India, they have shifted the needle of policy on petroleum in the right direction. More needs to be done but the first few steps have been taken to reinvigorate domestic exploration and production; correct pricing distortions upgrade and strengthen logistics [...]