Page-2 of Topic: Oil Imports
US-Iran: Four Nuclear Restrictions renewed by US
On March 30, 2020, the US renewed four nuclear restrictions imposed on Iran. The restrictions were imposed to prevent Iran from building its nuclear programme. Highlights The nuclear...
Gold Imports of 2019-20 dip by 8.86% narrowing Current Account Deficit to 143 billion USD
On March 16, 2020, the Commerce Ministry reported that the gold imports for the period April to February (2019-20) has reduced by 8.86% as compared to the previous...
India-Brazil: BIT to be signed; Cabinet approves agreements on legal assistance, Oil
On January 23, 2020, India and Brazil will sign the Bilateral Investment Treaty during the visit of Brazilian President Jair Bolsonaro. The President is visiting India as a...
India attends Hormuz Peace Initiative
India recently attended the Hormuz Peace Initiative that was held in Tehran. The initiative aimed at stabilizing one of world’s busiest shipping lanes, the Strait of Hormuz amidst...
IEA launches India’s Energy Policy Report
On January 10, 2020, the International Energy Agency (IEA) launched India’s Energy Policy Report. The report insisted that India should adopt its think tank NITI Aayog’s National Energy...
Oman ships arrive to participate in Indo-Oman bilateral Naval Exercise “Naseem Al-Bahr”
On January 6, 2020, two Oman ships arrived in Goa to participate in “Naseem-Al-Bahr”, the Indo-Oman bilateral naval exercise. Highlights RNOV are Royal Navy of Oman Vessels. RNOV...
US army kills Iranian Commander Soleimani: India’s Concerns
On January 3, 2020, the US army killed Iran’s most powerful military commander General Qasem Soleimani. He was killed at Baghdad airport. Highlights In a drone strike held...
First Meeting of Consultative Committee of Ministry of Petroleum
The first meeting of Consultative Committee of Ministry of Petroleum was chaired by the Minister of Petroleum Shri Dharmendra Pradhan. Highlights of the meet The committee announced that...
OPEC cuts production to 500,000 barrels per day
On December 6, 2019, the Organization of Petroleum Exporting Countries reached a deal deepening their output cuts. They have set the target as 500,000 barrels a day. The...
Roar of the sea: Naval Exercise between Qatar and India
A three-day naval exercise, Za’ir-Al-Bahr (Roar of the Sea) is being conducted between November 17 and November 21, 2019 between the Indian and Qatar Naval Forces. The aim...
PM Modi to visit Saudi for Future Investment Initiative
On October 29, 2019, the Prime Minister Modi is to attend the third session of Future Investment Initiative Forum in Saudi Arabia. The PM will deliver a keynote...
