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PSUs look to buy oil...

NEW DELHI: India's state-run oil companies...

Saudi, Russia plan to extend...

DUBAI: Saudi Arabia and Russia agreed...

PSUs look to buy oil with $600 million stuck in Russia

NEW DELHI: India's state-run oil companies are examining the option of utilising about $600 million dividend income from investments in Russia to buy Russian oil as they are unable bring the money home due to western banking curbs on Moscow. "We are examining legal and financial implications of options to utilise the stranded money. We are mindful of the sanctions and do not want to do anything that may in any way amount to a breach," one official in the know said on Thursday.One of the options on...
Karl Jörg -
Business Profiles

PSUs look to...

NEW DELHI: India's state-run oil companies are examining the option of utilising about $600 million dividend income from investments in Russia to buy...
Karl Jörg -
Business Profiles

Saudi, Russia plan...

DUBAI: Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million...
Karl Jörg -
Business Profiles

Why share of...

Russia's share in India’s crude oil imports dipped to 34% in August, down from July's 42%, following substantial reductions by state-run refiners, states...
Karl Jörg -
Business Profiles

India loads up...

India is poised to buy the most amount of dirty fuels from Russia in years, as a slump in crude flows from the...
Karl Jörg -
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