#indianoil

International North-South Transport Corridor: Russia sends test consignment to India through Caspian Sea – Iran route avoiding Suez Canal

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Russia has started using an alternate route to ship goods to India, through Caspian Sea and Iran, bypassing the Mediterranean Sea – Suez Canal route. Russia dispatched a test cargo to India from St. Petersburg via Iran o Saturday, operationalising the International North-South Transport Corridor (INSTC). According to Russia Briefing, Iran’s state-owned shipping firm has announced the … Read more

India saved at least USD 7 billion in foreign exchange in 14 months by importing discounted Russian crude oil

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In May 2023, India completed 14 months of ramping up discounted Russian crude oil imports. According to an exclusive report by the Indian Express, in this period, India saved at least USD 7.17 billion in foreign exchange. Data shows that the total oil import during this period was worth USD 186.45 billion. If India had paid the … Read more

The US has not asked India to reduce its purchase of Russian oil, says American treasury official

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The United States has not asked India to stop or reduce its oil imports from Russia and nor has it sanctioned any Indian entity for buying and refining crude oil purchased from Russia since the beginning of its war with Ukraine, according senior American officials from the United States Treasury Department. “There is no restriction, … Read more

 CNN claims India is hurting US by helping Putin get richer

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The Russian oil industry is “booming despite war, sanctions” and CNN is livid with disbelief, to put it mildly. So CNN has decided to train guns on India. A news report filed by CNN journalist Nick Paton Walsh broadcast on the 19th of February has held India responsible for the United States’ failure to have the desired … Read more

Highway projects, Indian Oil pipeline and CARO

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Prime Minister Narendra Modi unveiled various development projects worth Rs 7,200 crore at Sangareddy, Telangana on Tuesday. The projects are related to multiple key sectors such as road, rail, petroleum and natural gas. The PM inaugurated and laid the foundation stone for three National Highway projects. The two National Highway projects inaugurated by the Prime … Read more