India

Oil & Gas

India ‘plans’ to pay five Iranian banks for oil imports

19/12/2018

India will deposit payments for crude oil imported from Iran into escrow accounts of five of their banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome U.S. sanctions, according to people with knowledge of the matter.

Asia

Record India diesel prices a pain for Modi as rupee tumbles

18/09/2018

India’s growth monikers -- the world’s fastest-growing major economy and the fastest-growing oil user -- might make for good headlines, but when juxtaposed with the less-flattering description of its currency they pose a problem for Prime Minister Narendra Modi.

Asia

ONGC $1.6bn stake sale faces subsidy hurdle

06/09/2018

India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.

Nuclear

Quest to find trillion-dollar nuclear fuel on the moon

27/06/2018

India’s space program wants to go where no nation has gone before -– to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.

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