Refiners in India, which rarely used to buy Russian oil because of costly logistics, have emerged as Russia's key oil client

India's oil imports from Russia are likely to continue to rise this year mainly because of the steeply discounted prices it is selling at, he said, and assuming there are "no further stringent actions by the Western countries targeting Russian oil."

The UAE's Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed Al Nahyan, France's Minister for Europe and Foreign Affairs Catherine Colonna and India's Minister of External Affairs Subrahmanyam Jaishankar agreed to establish a formal trilateral cooperation initiative last September

During the event, speeches were made by Pakistan's Prime Minister Shabaz Sharif, Pakistan Atomic Energy Commission Chairman Ali Raza, China Atomic Energy Agency Deputy Director Liu Jing and CNNC General Manager Gu Jun.

India plans to spend US$4.3bn on energy transition through the Ministry of Petroleum and Gas, including programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment and policies for efficient use of energy across various economic sectors.

EDF's proposal of an EPR-1200 reactor as the first nuclear power plant in Kazakhstan was one of "a number of key issues" discussed.

With India becoming the largest buyer of Russian crude in late 2022 and China posting close to double-digit growth in Russian inflows over January-November, refiners in South Korea, Japan and Thailand are finding it easier to procure term and spot crude supplies from Middle Eastern producers,

The thermal coal volume traded between Mozambique and India for November and December has been comparable with volumes sourced from South Africa.

While expressing satisfaction with the high level of bilateral cooperation that has been developing on the basis of the Russian-Indian privileged strategic partnership, the two leaders discussed in detail the prospects for practical cooperation in mutual investment, energy, agriculture, transport and logistics.

The present installed nuclear power capacity comprises of 22 reactors with a total capacity of 6780MWe. In addition, one reactor, KAPP-3 (700MWe) has recently been connected to the grid.

Export loadings of Russian crude averaged 3.02 million b/d in the week ending Dec. 11, little changed from the week before and in line with the November average of 3.07 million b/d

Seaborne exports of Russian crude averaged 3.07 million b/d in November, down from 3.09 million b/d in October and just below the pre-war average of 3.1 million b/d in January and February.

The Indian Gas Exchange (IGX) traded a record 1,14,53,200mn Btu (about 290mn m3) gas volumes in November, up 1,359% year/year, it said on December 5. The trade volumes were up 179% month/month.

The new agreement lays the foundations of an "exclusive strategic alliance for the development of new uranium mines in Uzbekistan, beyond the Djengeldi project" and is a "significant broadening of the scope of the collaboration", Orano said.

China and India now purchase two-thirds of all the crude exported by sea from Russia; at least half of the crude exported by pipeline from Russia also goes to China.