The government has sought $1.55 billion from Reliance Industries and its partners for drawing natural gas belonging to state-owned ONGC in the KG basin over the last seven years
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India presents a favorable market for research and development, collaborations and exports of technology for storage
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The chief executives of seven oil and gas companies - BP, Eni, Repsol, Saudi Aramco, Shell, Statoil and Total - will announce details of the fund and other steps to reduce greenhouse gases in London
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Private and public companies will be able to dip into an initial amount of more than $1 billion starting next fiscal year
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India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries and produce more profitable refined products such as gasoline or diesel
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Atomic Energy Commission of India member Ravi Grover says financing for the Jaitapur Nuclear Power Project in Maharashtra yet to be finalised
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The acquisition is the biggest in India and largest outbound deal for Russia. The all cash deal is expected to close in first quarter of 2017
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Russian state oil company Rosneft will get a 49 per cent stake in Essar Oil in the deal, which was structured to mitigate western sanctions and was valued at $12.9 billion
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