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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...

March 31, 2020

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...

March 16, 2020

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...

January 23, 2020

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...

January 11, 2020

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...

January 10, 2020

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...

January 7, 2020

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...

January 4, 2020

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...

December 7, 2019

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...

December 7, 2019

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...

November 18, 2019

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...

October 25, 2019

Electric Fleet for Commercial Use

The government think tank Niti Aayog is exploring the following options for transitioning to electric vehicles: Taxi aggregators to be required to convert 40 per cent of their...

June 7, 2019

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