2022-07-05 12:30:00
RUSSIA, INDIA: RELIABLE PARTNERS
PRESIDENT OF RUSSIA- July 1, 2022 - Telephone conversation with Prime Minister of India Narendra Modi
As agreed at the BRICS Summit on June 23–24, Vladimir Putin had a telephone conversation with Prime Minister of the Republic of India Narendra Modi.
The leaders had a detailed discussion of topical issues of Russian-Indian relations and focused on the subsequent development of mutually beneficial economic ties. They were pleased to note a substantial increase in bilateral trade volumes, including mutual deliveries of agricultural produce. Vladimir Putin and Narendra Modi voiced their mutual commitment to strengthening the specially privileged strategic partnership between Russia and India.
At the request of Narendra Modi, Vladimir Putin gave an update on the key aspects of Russia’s ongoing special military operation and underscored the dangerous and provocative nature of the approach of the Kiev regime and its Western patrons to escalate the crisis and torpedo efforts to resolve it by political and diplomatic methods.
They reviewed in detail the situation in the global food market. Vladimir Putin drew attention to systemic mistakes by a number of countries that disrupted the entire system of free trade in foodstuffs and provoked substantial price hikes. The illegitimate anti-Russia sanctions have compounded the already complicated situation. The very same factors have also impacted the global energy market. The President also noted that Russia had been and remained a reliable producer and supplier of grain crops, fertiliser and energy carriers to Indian partners, among others.
Vladimir Putin and Narendra Modi agreed to continue their personal contacts and interaction at other levels.
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Earlier:
2022, June, 27, 11:40:00
INDIA NEED MORE OIL
"Today, nobody is bothering who is buying what from where. We are quite happy to source from as far as we can," a leading Indian oil ministry source said.
2022, June, 24, 11:30:00
RUSSIAN OIL PROTECTION
Certification by the Indian Register of Shipping (IRClass), one of the world's top classification companies, provides a final link in the paperwork chain - after insurance coverage - needed to keep state-owned Sovcomflot's tanker fleet afloat and delivering Russian crude oil to overseas markets.
2022, June, 3, 13:00:00
RUSSIAN OIL FOR ASIA UP
Asia is expected to account for about 40% of global incremental crude runs in 2022, with the US and Europe accounting for about 30% and 18%, respectively.
2022, June, 3, 12:55:00
INDIA OIL PRODUCTION WILL UP
India imported 54% of its oil needs and 56% of its gas needs in 2020. After coal (44%), oil represented 24% of the country’s total consumption in 2020, against 6% for natural gas. As of 2021, India's oil reserves are estimated at 4,530 mbl and its gas reserves at 1,372 bcm.
2022, June, 1, 10:35:00
RUSSIAN OIL FOR INDIA UP
While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year of discounted Russian supplies.
2022, May, 30, 11:30:00
INDIA NEED COAL ANEW
It would be the first time since 2015 that Coal India has imported the fuel, highlighting efforts by state and federal officials to stock up to avoid a repeat of April, when India faced its worst power cuts in more than six years.
2022, May, 30, 11:20:00
INDIA NEED LNG
Currently, GAIL has a term LNG import deal in place with Gazprom's Singapore-based trading arm.
