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Indian Strategic Petroleum Reserve signs deal with Hindustan Petroleum to lease space

Indian Strategic Petroleum Reserve signs deal with Hindustan Petroleum to lease space
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Samir Sardana vs Ministry Of Petroleum & Natural Gas on 15 January, 2024

Samir Sardana vs Ministry Of Petroleum & Natural Gas on 15 January, 2024
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Plan being discussed to create petroleum reserves from salt caverns in Rajasthan

According to EIL’s Chairman and Managing Director Vartika Shukla, the company’s recent partnership with Germany’s DEEP.KBB GmbH is in line with the objective as neither EIL nor any other Indian company has the requisite technical knowhow, which the German company has.

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Oil prices, not Russian trade flows, a bigger worry for India | Hellenic Shipping News Worldwide

India’s minimal dependence on Russian crude means that the South Asian oil buyer can weather any potential supply disruption from Russia, but surging oil prices are starting to put a huge amount of upward pressure on import bills and inflation. However, analysts said Indian buyers are increasingly becoming cautious about shipment logistics and delays of .

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Factbox: Asia ex-China refiners see plenty of alternatives for Russian crude oil

Asian refiners are broadly unfazed by the the Russia-Ukraine conflict and Washington’s focus on sweeping financial sanctions on Moscow as Russian oil makes up only a small portion of many Asian countries’ refinery feedstock import baskets, with many alternatives seen available. With the US and its allies blocking some Russian banks from accessing the SWIFT .

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