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INDIAN STRATEGIC PETROLEUM RESERVES LTD.
ONGC to undertake 1.75 MMT strategic oil reserve expansion at MangaluruONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's ...- Strategic oil reserve buying set to support crude demand through 2028To enhance energy security and stabilize market prices, various governments plan to acquire millions of oil barrels up to 2028. This approa...
- Nashik-based company launches an AI-autonomous sovereign cloud platform built in IndiaNashik-based ESDS Software Solution has launched Swaraj Cloud, an AI-autonomous sovereign cloud platform. This platform runs entirely on In...
- King Charles III's bodyguard turns strategic adviser for Indian marketJagjivan Singh Khangura, known as Jag, served within the Metropolitan Police's Royalty and Specialist Protection command for over 20 years,...
- Indian state refiners ready for Iran oil if US extends waiversIndian refiners are exploring Iranian crude purchases if US waivers extend beyond August. They have fully contracted shipments through Augu...
- Global oil market weathers Iran war shock, but reserve depletion raises future price risksThe global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts ...
- PM Modi accorded Guard of Honour in Jakarta ahead of crucial bilateral talksPrime Minister Modi received a ceremonial Guard of Honour in Jakarta on Tuesday. He held comprehensive bilateral discussions with Indonesia...
- Govt plans LNG buffer mandate for terminalsIndia is weighing a plan to fund emergency liquefied natural gas stockpiles. This initiative aims to bolster supply security after recent g...
- Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources sayIndian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through...
- India eyes oil exploration expansion after Middle East war shortagesIn response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its r...
- Energy-hungry Asia is already drawing lessons from Iran crisisAsia is learning crucial lessons from the recent Persian Gulf conflict, emphasizing the need for larger energy reserves and a wider array o...
- India, Japan agree on crude oil stockpiling & reserve systemsIndia and Japan are joining forces to bolster energy security, creating joint strategies for crude oil and petroleum product stockpiling to...
- Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude pricesFuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil c...
- Crude inventory nears 1-year high on stronger importsIndia's crude oil reserves have surged to a near one-year peak, reaching 104 million barrels by June's end. This rebound follows a signific...
- Military hardware, energy supply chains to fortify India-Japan tiesIndia and Japan have officially strengthened their strategic partnership, emphasizing initiatives aimed at economic security and collaborat...
- RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&PThe Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financi...
- India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...
- India plans to add strategic fuel reserves after Iran war shockIndia is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming t...
- From floods to war, state-run oil firms prove indispensable despite repeated privatisation bidsIndia's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite pa...
- Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautionsIndia faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augment...
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