The reserves in Farzad-B are almost thrice the largest gas field in India.
Given that India will get a huge part of its oil supplies from Iran through its government-owned oil PSUs, any unwelcome shocks in global crude rates could be absorbed well enough.
The next man in charge faces an unenviable task trying to sort out the existing mess and then living up to goals that seem ever more distant.
Recounting their ordeals, evacuees from Yemen have narrated their tales of horror during their stay in that war-torn country.
The known unknowns in Prime Minister Modi's Saudi visit assume great significance, says Ambassador M K Bhadrakumar.
The surge in oil prices has also affected the rupee, which hit a 6-week low of 70.25 on Friday against the dollar.
'Notwithstanding the realisation among the Indian leadership to build up its navy for the force's expanding role, the Indian Navy was allocated only 15% of the interim defence budget presented in Parliament in February 2019.' 'The outlay for the navy's capital acquisition is not even adequate to meet its committed liabilities,' points out Brigadier S K Chatterji (retd).
Prime Minister Narendra Modi on Sudnay arrived in Tehran on a two-day visit.
One of the major advantages of buying Iran crude is the additional credit period of 90 days that the country gives to India, compared to 30 days by other countries.
External Affairs Minister Salman Khurshid on Wednesday left for Iraq on a two-day visit aimed at deepening India's ties with the oil-rich Arab country.Khurshid, the first Indian external affairs minister to visit Iraq in last 23 years, will hold talks with his Iraqi counterpart Hoshiyar Zebari and discuss bilateral, regional and international issues of mutual interest.
Aseem Chhabra lists 10 of his favourite films that played in various sections at the 74th Cannes Film Festival.
A summary of sports events and sports persons, who made news on Tuesday
The government's focus is on containing and controlling coronavirus the ministry of external affairs said on Thursday and advised Indians to stay put wherever they are and travel only under compelling reasons.
Annoyed over conflicting reports about the missing plane, China on Wednesday night asked Malaysia to verify rumours and share all information about the flight MH370 after official admission that it may have turned back and disappeared over the Straits of Malacca.
Summary of sports events and persons who made news on Wednesday
It is quite likely that the Pakistanis are cleverly using the Jadhav card to derail the outcome of the JIT process.
Saudis are interested in expanding their relationship with India, given it is becoming the main driver of crude demand growth in Asia
The Saudi-Pakistan nuclear weapons cooperation is meant to sound alarm bells in Washington, reminding the Obama administration that its overtures to Iran would have serious negative consequences in terms of its ties with its closest allies in the region, says Ambassador Talmiz Ahmad. Exclusive to Rediff.com
Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
'They bluff and lie repeatedly and we swallow their lies.' 'Because we are soft and polite, we get into a mess of our own making.'
'Qatar has been funding and supporting terrorist organisations.' 'It has used its media to spread lies and create unrest in neighbouring countries.'
This week's collection of stories that prove we live in a truly mad, mad world
India has some ability to influence what the world order will look like, but it needs to make structural changes to the ministries of external affairs and commerce, and evolve formal coordination mechanisms with the ministries of finance and home, says Nitin Pai
Making it easier to do business is a key element of our strategy, says Foreign Secretary S Jaishankar.
President Obama had no intention of risking a global conflagration on account of the use of chemical weapons in Syria, especially at a time when he was struggling to wind up the wars his predecessor had started, says T P Sreenivasan
'We are encouraged by what the prime minister said recently on these issues... We will keep a close eye on these issues. They are very important and as are other elements of our human rights and religious freedom.' 'So, absolutely, we'll keep a focus on them.'
Gangster Chhota Rajan, arrested in Bali on Monday and who is likely to be extradited to India, was not one to forgive or forget easily. Mumbai's foremost crime writer S Hussain Zaidi recalls the time when Rajan was almost killed in an attack by his rival Chhota Shakeel, and how Rajan extracted revenge across continents.
