- NEWS - #Russia is considering a plan to merge Russia's three largest oil companies (Rosneft, Gazprom Neft and Lukoil) into one oil giant.
The resulting company will become the world's second-largest oil producer after Saudi Arabia's (#KSA) Aramco. The merger will allow Putin to strengthen control over the country's economy in the conditions of war and sell oil to #India and #China (PRC) at higher prices.
A giant exporter could better withstand Western sanctions that have hampered exports, hampered major new oil and gas projects and held up payments, sources said. Supporters of the plan say the combined company could make significantly more money. Oil from all three companies could be sold through Lukoil's massive Dubai-based trading unit, Litasco.
The Global Eye | Subscribe
The resulting company will become the world's second-largest oil producer after Saudi Arabia's (#KSA) Aramco. The merger will allow Putin to strengthen control over the country's economy in the conditions of war and sell oil to #India and #China (PRC) at higher prices.
A giant exporter could better withstand Western sanctions that have hampered exports, hampered major new oil and gas projects and held up payments, sources said. Supporters of the plan say the combined company could make significantly more money. Oil from all three companies could be sold through Lukoil's massive Dubai-based trading unit, Litasco.
The Global Eye | Subscribe
- NEWS - India’s Deepening Slowdown Dashes Hopes for New Era of 8% Growth
#India's deepening slowdown is raising concerns that a three-year boom wasn’t the start of a new era but a blip
🔗 Bloomberg
The Global Eye | Subscribe
#India's deepening slowdown is raising concerns that a three-year boom wasn’t the start of a new era but a blip
🔗 Bloomberg
The Global Eye | Subscribe
- BREAKING - 11 dead after being run over by train in India
Eleven people were killed after rumours of a fire on their train caused them to jump off and tragically end up being crushed to death by another incoming train, - officials stated.
The tragic event occurred in western Maharashtra state of #India
The Global Eye | Subscribe
Eleven people were killed after rumours of a fire on their train caused them to jump off and tragically end up being crushed to death by another incoming train, - officials stated.
The tragic event occurred in western Maharashtra state of #India
The Global Eye | Subscribe
- NEWS - Russia oil trade to China, India stalls as sanctions drive up shipping costs
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data.
Washington imposed fresh sanctions on Jan. 10 targeting Russia's oil supply chain, causing tanker freight rates to soar as some buyers and ports in China and India steered clear of sanctioned ships.
Source: Reuters
#Russia #USA #China (PRC) #India
The Global Eye | Subscribe
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data.
Washington imposed fresh sanctions on Jan. 10 targeting Russia's oil supply chain, causing tanker freight rates to soar as some buyers and ports in China and India steered clear of sanctioned ships.
Source: Reuters
#Russia #USA #China (PRC) #India
The Global Eye | Subscribe
- BREAKING - Indian Mirage 2000 fighter jet crashed during routine training
- The Pilots ejected safely.
#India
The Global Eye | Subscribe
- The Pilots ejected safely.
#India
The Global Eye | Subscribe
#BREAKING | India's Prime Minister Narendra Modi met with Elon Musk at Blair House in Washington, DC.
#USA #India
The Global Eye | Subscribe
#USA #India
The Global Eye | Subscribe
#BREAKING | US and India agree to increase trade to $500bln by 2030
#USA #India
The Global Eye | Subscribe
#USA #India
The Global Eye | Subscribe
#NEWS | Indian soldier killed in 'accidental exchange of fire' in northern Kashmir
#India
The Global Eye | Subscribe
#India
The Global Eye | Subscribe