The two companies also intend to create a joint commercial interest to purchase, transport and market natural gas, which is increasingly important for the Indian economy following over 8 percent growth last year. India currently imports most of its oil and has opened considerable regions of territory to oil and natural gas development in recent years.
Continue reading "Top Oil Producer Targeting Assets in India"
Thursday, October 8, 2009
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
Continue reading "Advantage: Crude"
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Monday, February 21, 2011