The imported crude was valued at $64.98 billion, up 85.8 per cent, as oil prices in the international market skyrocketed with import prices hitting a record high of $849.10 per ton in June, the General Administration of Customs said. China exported 2.37 million tons of crude and 7.88 million tons of refined products, a 30.6 per cent jump and 0.3 per cent decline, respectively, from a year earlier, it said. China had recently raised the prices of gasoline by 16 per cent.
Reliance Industries, India's most alued company, and state-run GAIL India will next week mount pitch with Qatar for jointly setting up a $.3 billion mega petrochemical plant in the gas rich nation.
Over the last four days, Prime Minister Narendra Modi greeted the heads of over 50 African nations, some of whom have extremely unsavoury reputations. Meet the 10 most controversial leaders who visited Delhi this week.
The 31 rigs were operating in India's offshore areas till February this year, making the country the largest offshore rig user in the world after the US, where 56 rigs are operating. Countries such as Brazil and Mexico have now overtaken India.
"We had identified 10 countries for setting up the mega petrochemical plant. A working group (of GAIL and RIL) will shortlist three of the identified countries. We may then narrow on one or two for setting up of the mega petrochemical plant," GAIL Chairman and Managing Director U D Choubey told reporters. He, however, refused to name the 10 countries identified for the purpose.
Zlatan Ibrahimovic has been named Sweden's footballer of the year for the ninth time and although his eighth victory in a row came as no shock, his acceptance speech showing a more sensitive side surprised many.
Egypt retained hopes of a successful African Nations Cup title defence with a 2-1 win over Angola in their quarter-final.
Tunisia and Angola played out a goalless stalemate in Tamale to qualify for the African Nations Cup quarter-finals.
The Cameroon striker scored twice to help his side beat Sudan 3-0 and reach the African Nations Cup quarter-finals on Wednesday. Eto'o's first goal, a 27th-minute penalty, made him the highest scorer in the tournament's history with 15 goals.
Two impressive long-range shots in the final minutes gave Tunisia and South Africa draws in their opening African Nations Cup Group D games.
Defending champions Egypt beat Cameroon 4-2 while Zambia had a one-sided 3-0 triumph over Sudan in Group C's opening encounters of the African Nations Cup.
Reliance Industries, India's most valued company, and state-run gas firm GAIL India have identified 10 countries including Qatar, Australia and Russia for setting up a multi-billion-dollar petrochemical plant.
Seven Indian cities - Mumbai, New Delhi, Chennai, Hyderabad, Kolkata, Pune and Bangalore have all moved up by 14-21 ranks in the survey titled 'Worldwide Cost of Living Ranking 2007' prepared by Hong Kong-based solution provider for international HR professionals ECA International.
Indian Grandmasters Pentala Harikrishna and Krishnan Sasikiran drew their first games as the Chess World Cup got off to an exciting start in Khanty-Mansiysk, Russia.
A second armed attack in the space of a year on a bus carrying a national sports team has highlighted the vulnerability of top-level athletes and the publicity such ambushes attract. Two members of Togo's football delegation died when gunmen attacked the team bus on Friday as it travelled to the African Nations Cup in Angola. The driver was killed in the assault.
A look at the major attacks on athletes and which have affected big sporting events.
Carlos Tevez scored a superb hat-trick as impressive Manchester City crushed Blackburn Rovers 4-1 to move into fourth place in the Premier League on Monday.
Togo's soccer team flew home on Sunday after the deadly ambush of their team bus but the sports minister said they hoped to return to Angola, where Africa's biggest sports tournament got underway.
Togo's national team will return home and not compete in Africa's biggest soccer tournament, captain Emmanuel Adebayor said on Sunday, after gunmen killed a squad coach and press officer in an ambush.
South African Army Chief Lt Gen Solly Zacharia Shoke, arrived in Kolkata on Wednesday after visiting the Indian Army's premier jungle warfare training school at Vairengte in Mizoram.
A Nigerian woman weightlifter and an Angolan male swimmer have tested positive for banned substances at the All Africa Games.
India and China are together expected to equal world's largest jewellery market, the United States, by 2015 when the global gems and jewellery trade is expected to touch $230 billion, states a new industry report.
If things go according to the plans of the Indian government, Mumbai may rob Belgium's Antwerp, currently the world's top diamond destination, of its priced position.
Aiming at rough diamond imports of $1 billion annually, Diamond India Ltd, a grouping of 60 traders, is looking at markets other than Russia to scale up its imports.
Production by the 10 member countries, excluding Iraq and Angola which joined the group this year only, increased by 70,000 barrels per day (bpd) to 266.4 lakh bpd from 265.7 lakh bpd in April.
David Villa struck twice and David Silva and Juan Mata also scored to give rampant Valencia a 4-2 win at Real Valladolid in La Liga on Sunday.
India has offered African countries --Botswana, Angola, South Africa and Namibia, incentives to strengthen their jewellery industry in return for direct procurement of rough diamonds from these countries.
Meeting will confine discussion to processes involved in building consensus among members.
It is the diamond in Africa and Russia that is dazzling India these days. India is planning joint ventures with diamond mining companies across Russia, Africa and the CIS nations.
Delhi's new catch-phrase these days is, 'capacity-building in Africa'.
If things go according to the plans of the Indian government, Belgium's Antwerp, the diamond destination of the world, may be robbed of its priced position by Mumbai soon.
A third Chinese airline company, China Southern, will launch direct flights to India this year to tap the increasing traffic potential arising out of booming bilateral trade.
Steel czar Lakshmi N Mittal is keen on selling half of his stake in a Kazakhstan oil field to state-run ONGC Videsh Ltd to tide over the severe financial constraint affecting his planned expansion in energy sector.
Cameroon, Nigeria and South Africa have confirmed participation in the tournament, to be played in Hyderabad.
Oil and Natural Gas Corporation has lost out on a bid for an oil block in Angola to a Chinese-led consortium.
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