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Indian Strategic Petroleum Reserve Ltd

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President's address to the Parliament

Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

Cut off the gas, we cut off the water

Now that the photo-ops, the platitudes and declarations of mutual love and respect have been reiterated, let us review where we stand after the two-day visit by Pakistan Prime Minister Shaukat Aziz......

India to use low priced oil from Saudi, UAE to fill strategic reserves

Oil prices have declined by more than 60 per cent since January with benchmark crude falling well below $30 per barrel, driven by an acute oil demand decline caused by the coronavirus and a lack of......

How India is building its oil reserves

India is building its oil reserves in underground rock caverns and tanks, finds out Abheet Singh Sethi/IndiaSpend.com. Image: A natural underground rock cavern has been reshaped near the port of......

India makes first crude oil purchase for strategic reserve

India's fast-growing economy has become the world's fourth-largest oil consumer after the United States, China and Japan. India has bought the first oil for its strategic petroleum reserve (SPR),......

ONGC Videsh-Oil India complete acquisition of Videocon stake

ONGC Videsh Ltd and Oil India Ltd have completed the acquisition of Videocon Group's 10 per cent stake in a giant Mozambique gas field for $2.475 billion, the companies said on Wednesday. OVL, the......

OVL-OIL to buy Videocon's 10% in Mozambique field

ONGC Videsh Ltd and Oil India Ltd will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for $2.475 billion. The acquisition of the stake in Mozambique's offshore Area 1,......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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