According to a top government official, India plans to give green hydrogen fuel producers incentives worth at least 10% of their costs under a $2 billion outlay set to begin before the end of June. For India, with less than five decades to go for its net-zero target, and with...
Indian Oil Corp Purchases $1.5 Billion U.S. Crude
The State-owned Indian Oil Corporation signed an annual deal to import 3 million tons of crude oil worth $1.5 billion from the U.S. starting next month Last year Indian Oil purchased crude oil from the U.S. through a term tender deal in August when it bought 6 million barrels under...
India to Invest Over 1.5 Billion in Bio-CNG Plants
India's state-run oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation plan to spend over $1.5 billion to set up Bio-Compressed Natural Gas (Bio-CNG) plants across India to promote clean fuel and reduce the country’s fuel import bill. Bio-CNG is a renewable form of energy produced...
American Energy Exports to India Grow
U.S. Energy Secretary Rick Perry will visit India this month to further enhance a recently added component in bilateral ties — energy trade. Last year India bought $2 billion worth of American crude oil from the via India's state-owned Bharat Petroleum Corporation Limited, Indian Oil Corporation, and Hindustan Petroleum Corporation...
Indian Oil Corporation to Buy American Crude Oil
State-owned Indian Oil Corporation floated its first tender to purchase high-sulfur, or sour, crude from North America as it seeks to diversify imports. BusinessLine reports that India's largest oil refiner is seeking to buy the crude grades Mars, Southern Green Canyon and Thunderhorse from the United States, and Western Canadian...