Russia has promised India four to five million tonnes of crude oil annually from its Far East Siberian oil fields if it fails to accommodate ONGC Videsh Ltd in Yuganskneftegaz, the core asset of Yukos that has been acquired by Russian state-owned Ros
When Robert Gates, the present US defence secretary, was the director of the Central Intelligence Agency, George Bush, the then US president (1988-92), had visited the CIA headquarters and addressed its officers.
Public sector behemoth Oil and Natural Gas Corporation Ltd on Monday said it has acquired an offshore oil field in Western Australia.
An inspired performance from Douglas Costa helped Brazil to a 3-0 win over Peru on Tuesday and lifted them into third place in the South American qualifying group for the 2018 World Cup in Russia.
The duo return to the squad for next month's World Cup qualifiers against Israel and the Faroe Islands.
India is likely to intensify diplomatic efforts with Angola to secure clearance for ONGC Videsh Ltd's acquisition of 50 per cent interest in an oil field in the oil-rich African country.
China is using its growing trade power to enhance its global influence, especially in Africa, Latin America and Asia, where it is perceived as an all-weather friend. Since opening up its economy in 1978, China's foreign trade has been growing by leaps and bounds.
ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp, is eyeing oil and gas properties in West Africa, CIS countries and Latin America with plan to invest one billion dollars a year in acquiring equity oil.
India will invest $1 billion every year in acquiring oil and gas fields abroad in order to cut dependence on highly volatile international market for its crude oil requirement, Petroleum Secretary B K Chaturvedi said on Friday.
Oil and Natural Gas Corporation has proposed to hike the equity base of its overseas investment arm ONGC Videsh Ltd to Rs 5000 crore (Rs 50 billion), to bring down the high debt-equity ratio.
Security of supply of raw materials is thus an important issue, said Jairam Ramesh, minister of State of Commerce. India now imports close to $8 billion of rough diamonds.
Diwakar Prasad and Harpal Singh progressed into the semifinals of their respective boxing events.
"A great deal of progress has been made over the last 24 hours and especially today. I think that we will have a successful vote on the resolution," Secretary of State Colin Powell told reporters in Washington.
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corporation, is eyeing stake in oil fields in more than a dozen countries including Myanmar, Libya, Australia, Indonesia, Saudi Arabia, Kuwait, Venezuela, Iran, Qatar and Bangladesh.
Upbeat about the success of Focus Africa programme which led to a 36 per cent rise in exports to $24.52 billion in 2002-03, Commerce and Industry Minister Arun Jaitley on Monday sought more efforts to tap the region's potential.
Indian refiners, who buy about 7,000 barrels a day of Iraqi crude from the spot market, have made alternative arrangements for supplies if there is a war in Iraq, Oil Minister Ram Naik said on Thursday.
Fans are already contemplating their team's prospects after the draw for the opening round of the 32-team tournament.
FIFA's World Cup Organising Committee will decide on Tuesday the seedings for the 32 finalists involved in next year's tournament in Germany.
Federal Bank Ltd on Monday said it has decided to call off its proposed merger with Lord Krishna Bank Ltd.
India will use the services of its former diplomats in its pursuit of energy security through acquisition of oil and gas properties abroad particularly in West Asia, Africa and Central Asia.
In the last two years, a clutch of home-grown fast-moving consumer goods (FMCG) companies sought growth by acquiring companies overseas.
An India-Japan civil nuclear pact would be critical in signalling that they would like to build a partnership to bring stability to the region at a time when China is going all out to reward Pakistan with civilian nuclear reactors, says Harsh V Pant.
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