News for 'State Oil Company'

The US Department of the Treasury on Wednesday imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine. IMAGE:...

IMAGE: Prime Minister Narendra Mohan meets Russian President Vladimir Putin at Hyderabad House, New Delhi, December 5, 2025. Photograph: Press Information Bureau Indian private sector and...

Russia has not heard any statements from India about stopping Russian oil purchases, Kremlin spokesman Dmitry Peskov said on Tuesday. Image used only for representation. Photograph: Richard...

Private Kommersant FM business radio noted that, unlike President Trump, PM Modi did not mention any agreement on stopping Russian oil imports IMAGE: Kindly note that the image has been posted...

Prime Minister Narendra Modi stayed calm, avoided public confrontation, and focused on India's long-term interests to steady ties with the United States. IMAGE: Prime Minister Narendra Modi and US...

Saudi Arabia's steep cut in LPG benchmark prices has pushed India's household LPG underrecoveries to their lowest level in over two years, slashing oil companies' losses from Rs 200-250 per...

IMAGE: Assam Chief Minister Himanta Biswa Sarma. Photograph: ANI Photo Assam has become the first state in India to directly venture into oil production, following the discovery of hydrocarbons at...

The commitment to halt Russian oil purchases removes the additional 25 per cent punitive tariff earlier imposed, effectively lowering the applied US tariff on Indian exports to 18 per cent from 50...

Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions....

In a significant move, state-run oil producer Oil India Limited (OIL) has finished drilling its first well in the Andaman sea while Oil and Natural Gas Corporation (ONGC) has just started drilling...

IMAGE: The Indian F1 Grand Prix went off the calendar after three editions from 2011, largely due to the serious financial problems faced by promoter Jaypee Group and the red tape around the...