Page-2 of Oil Imports Current Affairs, GK & News

India-OPEC Energy Dialogue held virtually

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

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

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

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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OPEC and Russia approve biggest Oil Cuts

The Organization of Petroleum Exporting Countries (OPEC) and Russia have come together to cut oil output by 10%. This is being done to control the falling oil prices amidst lock down all over the world due to COVID-19. Background The Russian Government earlier refuted to sign the deal when Saudi Arabia initiated production cuts. Russian ..

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