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ARAMCO STRATEGIC STORAGE
Riyadh seeks access to overseas storageThe move follows a flurry of attacks by Yemen's Houthis on infrastructure. "Commercial storage available through partners is limited. The l...- Oil’s $100 nightmare is back as worst-case scenario is taking shapeHouthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impactin...
- Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
- Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilitiesPakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The ...
- Global oil, gas demand will sustain for decades, says Saudi Aramco top executiveSaudi Aramco, a long-standing supplier of crude oil to India, has been actively seeking investment opportunities in India's downstream sect...
- India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthenIndia is seeking Saudi Arabia's Aramco to participate in its strategic petroleum reserve (SPR) program to strengthen ties with its key oil ...
- Reliance charts brave, new courseRIL’s clean energy initiatives have an interesting pattern. It has announced four giga factories, one each for solar panels, storage batter...
- Govt allows ADNOC to export crude oil stored in Indian strategic reservesAdnoc and Saudi Aramco, the two companies that have shown interest in filling Indian strategic reserves, have been demanding the freedom to...
- India plans to top up strategic tanks with cheap Saudi, UAE oil: SourcesGlobal oil prices have fallen around 40% in March as the impact of coronavirus pandemic has destroyed demand.
- Budget 2020 exempts income of ISPRL from taxIn 2017, the government had exempted foreign companies from paying income tax on the sale of oil they store in India's strategic oil reserv...
- Indian Strategic Petroleum Reserves, Aramco ink storage lease pactThe deal with the state-run Saudi Aramco was signed during Prime Minister Narendra Modi’s visit. The UAE has also contributed to strategic ...
- India signs deal with Saudi Arabia for strategic oil reserves & retail mattersSaudi Arabia has also expressed interest in picking up the government’s stake in BPCL, official sources said. Sources said Aramco is curren...
- UAE keen to invest in refining, petrochemical projects, store oil in IndiaUAE supplies a small quantity of oil to India but is ramping up investments.
- Saudi keen to have stake in west coast, Kakinada project: Dharmendra PradhanIn Kakinada, state-owned HPCL and GAIL India are looking at building a 1.5 million tonnes capacity petrochemical complex at the cost of Rs ...
- India invites global bids for filling strategic oil storageIndia has built three underground oil storages at Vishakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.
- Three foreign oil companies keen on hiring strategic oil storages"ADNOC of UAE, Saudi Aramco of Saudi Arabia and Shell have expressed their interest in storing crude oil in the strategic petroleum reserve...
- National oil companies in mid-east keen to hire storage in IndiaThe oil companies want to use the caverns on the west coast for commercial storage of oil which they can use to supply to refiners.
- India invites Saudi Arabia to invest in strategic oil storagesPradhan, leading a high level delegation on his maiden visit to Riyadh, met Saudi Oil Miniter Ali al-Niami on extending cooperation in oil ...
- Gulf majors may help build oil storage units along coastlineSeveral Gulf-based oil producers are considering a proposal from the Indian government to invest in creating large crude oil storage facili...
- Vizag to host India's strategic crude reserveIndia is planning to build its first strategic crude reserve at Visakhapatnam in Andhra Pradesh. The reserve will be in an underground rock...
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