New Delhi, June 25 (IANS) Russia is working to launch large‑scale seaborne gasoline imports from India to address a widening domestic fuel shortfall caused by a wave of Ukrainian drone strikes on refinery infrastructure, a new report has said.The report from Ukraine-based Kyiv Post said draft amendments to Russia’s Tax Code would extend an existing subsidy mechanism for companies undertaking gasoline imports from India.”Under the proposed rules, the subsidy would be calculated based on an in…
Latest Indian refineries News & Updates
New Delhi, March 25 (IANS) Amid the West Asia crisis, the Indian government is leaving no stone unturned when it comes to the safety of Indians in conflict zone, gas and fuel availability, long-term energy security measures and push for self-reliance across sectors.Prime Minister Narendra Modi informed the Rajya Sabha that the government’s first concern is safeguarding citizens and more than 3.75 lakh Indians have been repatriated from the conflict zone (including over 700 medical students fro…
Washington, March 9 (IANS) Indian refineries processing Russian crude was a “pragmatic decision” taken to stabilise global energy markets and speed up supplies in Asia, US Energy Secretary Chris Wright said. Speaking on Fox News on Sunday (local time), Wright said the policy does not represent any shift in Washington’s sanctions stance toward Moscow but reflects the realities of oil supply chains in Asia amid geopolitical disruption.”Russia’s oil remains sanctioned. There’s no change in policy t…