India Interested In DevelopingIndia Interested In Developing Strategic Chabahar Port In Iran Strategic Chabahar Port In Iran

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India is keen to rapidly develop Iran’s Chabahar Port, a strategic facility that New Delhi hopes will open up opportunities to Indian companies wanting access to Iran, Central Asia, Russia and other regions beyond. Chabahar sits on the Gulf of Oman near the Iranian border with Pakistan and promises India the possibility of direct sea access from its western coast. India, which imports 80% of its crude oil needs, has a long-standing relationship with Iran, especially in the energy sector. India is the second-biggest buyer of oil from Iran, after China.

India: $300 Billion Wanted In Oil Investments Over Next 10 Years

13/07/17 •lweb.es/f2884 •bit.ly/2udblTN

“India is the place where there is incremental demand,” Oil Minister Dharmendra Pradhan has said. “Our per capita energy consumption is one-fourth of the world. In India, there is an emerging middle class and they are aspirational. Per capita energy consumption is going to increase. So, we need energy. There is no shortcut around that.” The country needs investments to boost the production of natural gas and crude oil, and to refine, transport and distribute the fuel to households. India’s state-run companies are scouring the world for access to reserves and technology.

India’s First Major Exploration Licensing Round In July

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India, the world’s third-largest oil consumer, will conduct auctions of oil and gas blocks under the Open Acreage Licensing Policy twice a year with the first round being held in July. OALP will differ from the current licensing policy whereby the government identifies the oil and gas blocks and then puts them on auction. This policy gives an option to a company looking for exploring hydrocarbons to select the exploration areas on its own, based on the seismic and well data that the Directorate-General of Hydrocarbons has put in in a National Data Repository.

India Looks At Myanmar’s Oil And Gas

03/06/17 •lweb.es/f2709 •bit.ly/2pfbPTV

“The prospect of deepening Myanmar-India ties are very interesting and could potentially be quite wide,” said Michal Meidan, Asia Energy Policy Analyst at Energy Aspects. “Indian refiners are increasingly looking to sell products to Myanmar in order to tap a growing market. This makes sense both on the geopolitical level where India is increasingly seeking regional influence – and Myanmar will be pleased to hedge against China, and in terms of Indian refiners’ corporate needs to deepen their presence in new markets,” she added.

India-Gulf Cooperation Council: Delhi’s Strategic Opportunity

03/05/17 •lweb.es/f2642 •bit.ly/2nWdPAm

Ties between the Gulf and India stretch back several millennia. Until the last decade or so, the relationship was still being driven almost exclusively by economic interests: energy trade and migrant labor. Now, however, the agendas of rising powers like India and China are expanding, including in the Middle East. Specifically, India-Gulf Cooperation Council (GCC) ties will be among the most important relationships for both sides in the coming decades. The emergence of several factors is forcing New Delhi to consider the strategic aspects of those ties…

India Steps Up Efforts To Boost Domestic Oil And Gas Production

lweb.es/f2658 02.17.2017

Following its first oil and gas field auction in six years India has decided to award the bulk of the operating licenses to new players. The operating licenses are for 31 contract areas comprising 44 oil and gas fields and have been awarded under a revenue-sharing model. These contract areas would monetize 40 million metric tons of oil and 22 billion cubic metres of natural gas over 15 years for the Indian government. India’s oil demand growth will outpace China‘s for the third year in a row in 2017.

India: Opportunities In Clean Power Generation

lweb.es/f2224 12.05.2016

iconIndia’s energy system faces the challenges of meeting growing demand, cutting pollution and offering more than 300 million people not connected to the power grid access to modern energy. The target is to build 175GW of renewable energy by 2022, primarily solar and wind. This would present an investment opportunity of more than $150 billion in clean power generation. This report examines the recent growth across India’s off-grid, small energy grids, rooftop solar and utility-scale renewable energy segments and looks at challenges in their future growth.

Strong Future For Transportation Fuels In Fast-Growing India

lweb.es/f1834 11.11.2016

iconGlobal oil majors BP and Rosneft are eyeing a piece of India’s $117 billion retail market for fossil fuels, threatening to shake up government-owned companies that have faced little competition for a decade. BP has already secured licenses to open as many as 3,500 fuel stations, and Rosneft has gained access to about 2,700 pumps through its acquisition of Essar Oil. Along with Reliance Industries and Shell, these players will compete with the three state-owned enterprises that control 90 percent of market volume.