China Declines to React on Indo-Russian Gas Swap Proposal

​​ BEIJING: China today refused to comment on a proposal being pushed by India and Russia to swap natural gas between the countries, including Myanmar, saying it was not aware of the details and preferred to know the reactions of other parties involved. ONGC Videsh Ltd Managing Director Narendra K Verma said yesterday in New […]

Rosneft to Close $10 bn Essar Oil, Vadinar Refinery Deal in a Few Weeks

​​ Russian oil major Rosneft on Wednesday said that the company will close $10.9 billion (Rs 72,800 crore) acquisition of Essar Oil and Vadinar refinery within a few weeks. “We are closing the deal of Essar Oil and Vadinar refinery within a few weeks,” said a Rosneft official, president and chairman of Rosneft told the media on the sidelines of Petrotech Summit in New Delhi. This will […]

Russian firms eye energy cooperation in Myanmar as nations strengthen ties

Oil and gas exploration is forming the backbone of a renewed drive to develop economic relations between the long-term allies. Russia’s refusal to back EU sanctions against Myanmar and the use of its United Nations Security Council veto to help the country when it was still under the tight grip of a military dictatorship, has […]