India eyes more oil imports from Russia

New Delhi: India is looking at raising oil imports from Russia, Oil Minister Dharmendra Pradhan said on Tuesday at a time of surging oil prices after an attack on Saudi Arabian facilities halved the kingdom’s production.

India eyes more oil imports from Russia

Photo for representational purpose only

New Delhi:  India is looking at raising oil imports from Russia, Oil Minister Dharmendra Pradhan said on Tuesday at a time of surging oil prices after an attack on Saudi Arabian facilities halved the kingdom’s production. Pradhan said he had met the chief executive of Russian oil major Rosneft, Igor Sechin, and that four Indian companies planned to increase their investment in Russia’s oilfields. The oil minister also attempted to calm nerves on supplies, saying he was confident that India had a diverse crude basket. Reuters

Top Stories

India’s GDP growth slows to 11-year low of 4.2 per cent in 2019-20

India’s GDP growth slows to 11-year low of 4.2 per cent in 2019-20

Economic growth dips to 3.1 per cent in January-March quarte...

Former Chhattisgarh CM Ajit Jogi dies at 74; three-day mourning in state

Former Chhattisgarh CM Ajit Jogi dies at 74; three-day mourning in state

He suffered a cardiac arrest earlier this month and had been...

Chaos reigns as Delhi-Gurugram border is sealed

Chaos reigns as Delhi-Gurugram border is sealed

Serpentine queues of vehicles seen; people argue with police...

India, China reject Trump's mediation offer on border standoff

India, China reject Trump's mediation offer on border standoff

Sources deny Trump’s claims of having spoken to Modi on the ...

Coronavirus: Not wearing a mask? Be ready to shell out Rs 500 in Punjab

Coronavirus: Not wearing a mask? Be ready to shell out Rs 500 in Punjab

State govt notifies penalties—ranging from Rs 500 to 3,000—f...

Cities

View All