ONGC Videsh Ltd, the overseas investment arm of India's largest oil producer Oil and Natural Gas Corporation, has bought UK-based Imperial Energy, which has oil producing assets in Russia, at a valuation of $3 per barrel of oil reserves
Russian President Vladimir Putin arrived in New Delhi late on Friday night for annual summit talks with Prime Minister Narendra Modi on Thursday that is aimed at building on the already close strategic ties, particularly in the fields of nuclear energy, hydrocarbons and defence.
After its spat with India over the oil exploration in blocs claimed by Vietnam in the disputed South China Sea, China on Tuesday asked Russia to stay away from taking up similar operation at the invitation of Hanoi.
'The fact that Modi and Xi exuded confidence to accelerate the negotiations for a border settlement alone underscores that the Russia-India-China triangle has become very dynamic,' notes Ambassador M K Bhadrakumar.
During his two day visit, Modi is expected to seal a raft of major deals in defence, nuclear energy and hydrocarbons sectors to further cement their 'special and privileged strategic ties'.
'India needs offensive and defensive security measures to protect itself.'
'Surely, Syrian President Bashar al-Assad will not be able to pay or compensate the Russians for deployment and use of Russian men and equipment,' says Brigadier S K Chatterji (retd).
China had financed the acquisition of embattled Yukos' core asset Yuganskneftegaz by Russia's state-owned 'Rosneft' oil last month in return of oil supplies till 2010, a senior Russian official said.
Russian President Vladimir Putin on Thursday held talks with Prime Minister Narendra Modi to further boost cooperation between the two strategic partners in crucial sectors like defence, energy and trade at a time when Russian economy was facing Western sanctions.
The breakthrough phone call by Putin to Erdogan came after the Turkish strongman on Monday sent a letter to the Kremlin leader that Moscow said contained an apology.
China on Thursday denied providing any fund for the controversial purchase of Russia's oil giant Yukos but declined to give more information on the mystery deal.
Any form of entanglement with India or the US on the strategic plane will be anathema to Sri Lanka's Rajapaksa rulers, observes Ambassador M K Bhadrakumar.
Politicians, bureaucrats hold different opinions about the delaying of the 2+2 summit.
We bring you a presentation of the best photos in the last 24 hours from around the world.
The Sensex had bounced back with gains of 94 points or 0.3%
State-owned Oil and Natural Gas Corp has bid for Russia's Trebs and Titov oilfields and is pitted against local giant LukOil and a venture owned by energy major BP Plc for rights to develop the giant reserves.
Petroleum Minister Mani Shankar Aiyar will take up Oil and Natural Gas Corp's proposal to acquire 15-20 per cent stake in embattled Russian firm Yukos' core asset, Yuganskneftegaz, when he meets his Russian counterpart in Moscow on February 21.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
Acknowledging that the trial against oil tycoon Mikhail Khodorkovsky had lowered trust in Russian economy, Moscow on Wednesday said the Yukos case was a "serious lesson", which should never be repeated.
His remarks without naming any country came against the backdrop of tension between India and Pakistan after New Delhi revoked Jammu and Kashmir's special status.
The reimposition of sanctions on Iran will have major impact on countries like India, with which it has traditional and historic trade relationship.
Tillerson, 64, who was confirmed by the Senate in a 56-43 vote, was administered the oath of office by Vice President Mike Pence.
Trump asserted that he would have a very good relationship with many foreign leaders, unlike President Obama.
"We are committed to building a new India. We have to do this as early as possible," he said.
The United States and European Union have slapped tougher and "wide-ranging" sanctions on Russia, targeting its energy, finance and defence sectors for its continued support of separatists in Ukraine.
The award has earlier been bestowed on several world leaders, including Russian President Vladimir Putin, Britain's Queen Elizabeth II and Chinese President Xi Jinping.
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
Chennai-based food blogger Vidya Srinivasan shares an interesting recipe with us.
New Delhi should resist any temptation to act as spoiler and instead should cooperate with its SCO partners in reaching a regional consensus behind the formation of an interim government in Kabul, argues Ambassador M K Bhadrakumar.
It would also be the fifth month of consecutive drops in the index.
State-owned Oil and Natural Gas Corp (ONGC) has signed a contract to hire a long-idled ultra-deepwater drillship of US-based Transocean for $412,000 (about Rs 2.39 crore) per day.
Russian President Vladimir Putin had assured his support for ONGC Videsh Ltd taking a 20 per cent stake in the project, Deora said on Thursday.
Both lenders and Etihad are not comfortable with the entities holding stake in Jet as they have no proven credentials in running a big business
He said both countries are opening new areas of cooperation in the energy sector, telecommunications and science and technology and they have set up funds to facilitate investment in high technologies.
Russia has disqualified state-run Oil and Natural Gas Corp from bidding for the giant Trebs and Titov fields in northwest Russia, a development that an Indian executive claimed was based on "flimsy" grounds.
Mere shuffling of resources or cosmetic changes to prove a point would be counterproductive in the long run, observes Commodore Venugoptal Menon (retd).
Oil and Natural Gas Corporation is examining investing $3 billion to take up to 5 per cent equity in Russian state oil firm OAO Rosneft, which is making an initial public ofering, Petroleum Secretary M S Srinivasan said on Friday.
Oil companies from India and China are seeking stake in Russia's state-owned oil major Rosneft but no concrete deals have been struck so far, Russian Energy Minister Victor Khristenko said on Friday.
The United States is stronger and more prosperous than it was eight years ago, US President Barack Obama has said, attributing it to a series of steps taken by him during his two four-year terms.
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