Oil Imports: Current Affairs, GK & News - 2020-2021

India-Kazakhstan sign Memorandum of Understanding

Published: November 18, 2020

On November 17, 2020, India and Kazakhstan held seventh round of foreign office consultations via video conference. The countries signed the “Indian Grant Assistance for Implementation of High Impact Community Projects in Kazakhstan”. Highlights During the consultations, the countries reviewed their bilateral cooperation within the framework of their strategic partnership. The consultations covered economic, political, ..

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India-OPEC Energy Dialogue held virtually

Published: November 6, 2020

On November 5, 2020, the fourth high level meeting of India-OPEC Energy Dialogue was held virtually. India was represented by the Oil Minister Dharmendra Pradhan. The dialogue is being held since 2015. Key Highlights During the dialogue, India pressed for assessing COVID-19 induced disruptions of oil supply. India during the meet urged OPEC to address ..

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India-UAE Defence Cooperation enhanced through Joint Production

Published: October 29, 2020

India and United Arab Emirates recently held a webinar to boost defence production and exports between the countries. Highlights The Webinar was organised by the Department of Defence Production operating under the Ministry of Defence through Society of Indian Defence Manufacturers (SIDM). The webinar was organised to help India achieve its target of reaching 5 ..

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Cabinet approves India-Nigeria Space Cooperation

Published: October 21, 2020

On October 21, 2020, the Union Cabinet approved the Memorandum of Understanding signed between the Indian Space Research Organisation and the National Space Research and Development agency of Nigeria. About the MoU The agreements were signed in June 2020 at Bengaluru and in August 2020 at Abuja Nigeria. The agreements enable cooperation between the countries ..

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First Ship load of Crude Oil reaches India

Published: April 14, 2020

On April 13, 2020, the first crude oil of 1 million barrels from UAE have reached India. The oil prices have declined by 60% since January, 2020. The prices are expected to rise with OPEC and Russia have come to terms to cut their production by 10%. Hence, this is the right time to fill ..

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