Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The ...

Saudi Aramco, a long-standing supplier of crude oil to India, has been actively seeking investment opportunities in India's downstream sect...

India is seeking Saudi Arabia's Aramco to participate in its strategic petroleum reserve (SPR) program to strengthen ties with its key oil ...

RIL’s clean energy initiatives have an interesting pattern. It has announced four giga factories, one each for solar panels, storage batter...

Adnoc and Saudi Aramco, the two companies that have shown interest in filling Indian strategic reserves, have been demanding the freedom to...

Global oil prices have fallen around 40% in March as the impact of coronavirus pandemic has destroyed demand.

In 2017, the government had exempted foreign companies from paying income tax on the sale of oil they store in India's strategic oil reserv...

The deal with the state-run Saudi Aramco was signed during Prime Minister Narendra Modi’s visit. The UAE has also contributed to strategic ...

Saudi Arabia has also expressed interest in picking up the government’s stake in BPCL, official sources said. Sources said Aramco is curren...

UAE supplies a small quantity of oil to India but is ramping up investments.

In 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 has built three underground oil storages at Vishakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.

"ADNOC of UAE, Saudi Aramco of Saudi Arabia and Shell have expressed their interest in storing crude oil in the strategic petroleum reserve...

The oil companies want to use the caverns on the west coast for commercial storage of oil which they can use to supply to refiners.

Pradhan, leading a high level delegation on his maiden visit to Riyadh, met Saudi Oil Miniter Ali al-Niami on extending cooperation in oil ...

Several Gulf-based oil producers are considering a proposal from the Indian government to invest in creating large crude oil storage facili...

India is planning to build its first strategic crude reserve at Visakhapatnam in Andhra Pradesh. The reserve will be in an underground rock...