Via The Financial Times, an article on India’s Oil and Natural Gas Corporation’s quest for Russian oil assets, in particular its consideration of an equity tie-up with Sistema, Russia’s fastest growing oil company. As the report notes: “…ONGC has made no secret of its desire to acquire Russian oil assets to ease India’s dependence on […]
Read more »Courtesy of The Financial Express, a report on ONGC Videsh Ltd’s (OVL), the special-function arm of state-owned oil and gas producer ONGC, efforts in finding equity oil abroad especially in Iran. As the article notes: “Iran is strategically important for us, as in a world worried over the progressive depletion of hydrocarbon reserves it is […]
Read more »Via Energy Daily, an interesting report on the growing linkages between India and Russia through petroleum. As the article notes: “…While India and China have booming economies, they share the similarity of both being energy-deficient and relying on imports. India is casting eyes across the Hindu Kush and is considering developing energy ties with its […]
Read more »Via The Financial Times, an update on India’s bid for Imperial Oil’s Russian assets that we have discussed before. As the article notes:that “…only two events could delay the final curtain [to India’s Oil and Natural Gas Corp agreed bid]. One would be a decision by the Russian authorities to block state-controlled ONGC on antitrust […]
Read more »Via Stratfor (subscription required), an interesting analysis of the second India-Brazil-South Africa (IBSA) summit held on Oct. 15-17, most notably IBSA’s influence in Africa and its potential role in the growing competition between India and China for Africa’s oil: “…India, Brazil and South Africa lack Western countries’ and China’s capital and investment capabilities and will […]
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