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India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…
India Oman flags AI representative image India and Oman are set to sign the Comprehensive Economic Partnership Agreement (CEPA) “very soon”, aiming to diversify trade beyond energy and expand the exchange of goods and services, said Oman’s Ambassador to India Issa Saleh Abdullah Saleh Alshibani said.In an interview with PTI, Alshibani said that negotiations, which…
The venture includes a crude oil filling expense of $1.25 billion (Rs 11,020 crore) at present rates. (AI image for representative purpose) India is looking to build its first-ever private sector strategic petroleum reserve in the next five years. The massive Rs 5,700 crore project contract has been awarded to Megha Engineering & Infrastructures Ltd.According…
