‘Remarkable step in India’s energy journey’: PM Modi after ONGC fired up oil production from flagship deep-water asset

[ NEW DELHI: Prime Minister Narendra Modi on Monday said that oil production from India’s state-controlled Oil and Natural Gas Corporation’s (ONGC) flagship deep-water project in the Krishna Godavari basin is a remarkable step in the country’s energy journey.PM Modi also said that the development will boost the mission of a self-reliant India.“This is a … Read more

Russian oil losing competitive edge in India as prices rise

[ India’s crude oil imports from Russia in November were the costliest in a year, government data show, reflecting lowering discounts on the fuel.Refiners in the world’s third-largest oil consumer paid an average of $85.90 a barrel for shipments from its largest supplier, up 1.8% compared with $84.46 in October. Barrels from Iraq and Saudi … Read more