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2016-04-08 21:30:00

INDIA & SAUDI COOPERATION

INDIA & SAUDI COOPERATION

 

saudi oil gas fields pipelines

 

 

INDIA OIL GAS INFRASTRUCTURE MAP

 

Leaders of Saudi Arabia and India say they want to extend their countries' oil-trading relationship into joint investment in exploration and petrochemicals.

Energy was part of a joint statement on business and strategic cooperation issued Apr. 3 after a 2-day official visit by Indian Prime Minister Narendra Modi to Riyadh at the invitation of Saudi King Salman bin Abdulaziz Al Saud.

Said Arabia is the largest supplier of crude oil to India, where oil demand grew by 5.7% last year and is expected by the International Energy Agency to increase 6.3% this year.

According to some observers, India might replace China as the world's center of oil-demand growth.

India's oil consumption in January averaged about 4.25 million b/d, up 12% from a year earlier, according to IEA. The country produces about 870,000 b/d of crude.

Salman and Modi agreed "to transform the buyer-seller relationship in the energy sector to one of deeper partnership focusing on investment and joint ventures in petrochemical complexes and cooperation in joint exploration in India, Saudi Arabia, and in third countries," according to the statement.

ogj.com

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Tags: INDIA, SAUDI, OIL, SUPPLY, DEMAND
INDIA & SAUDI COOPERATION January, 21, 11:55:00

OIL PRICE: NEAR $63

INDIA & SAUDI COOPERATION January, 21, 11:50:00

OPEC CONFORMITY LEVEL 98%

INDIA & SAUDI COOPERATION January, 21, 11:45:00

OIL FOR CHINA: 12.05 MBD

INDIA & SAUDI COOPERATION January, 21, 11:40:00

CHINA'S GDP GROWTH 6.6%

INDIA & SAUDI COOPERATION January, 21, 11:35:00

FLAT US E&P CAPEX

INDIA & SAUDI COOPERATION January, 21, 11:30:00

SAUDI ARABIA INVESTMENT $10 BLN

All Publications »

Chronicle:

INDIA SAUDI COOPERATION
2019, January, 21, 11:25:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

The 3rd Latin America Energy Forum will address the needs of Latin America's evolving energy sector, exploring the evolution of the region’s energy mix and the role of gas in supporting the increased use of nonconventional renewables.

INDIA SAUDI COOPERATION
2019, January, 21, 11:20:00

FASTEST RENEWABLE GROWING

U.S. EIA - EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years.

INDIA SAUDI COOPERATION
2019, January, 21, 11:15:00

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

ENA - Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people’s lives."

INDIA SAUDI COOPERATION
2019, January, 21, 11:10:00

RUSSIA, SERBIA NUCLEAR

WNN - Russia and Serbia have signed an intergovernmental agreement on cooperation in nuclear energy and a joint statement on strategic partnership for the construction of a centre of nuclear science, technology and innovation.

All Publications »