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  • Saudi energy firm Alfanar to sell 300MW India wind power plants

    Saudi Arabia’s Alfanar Group is looking to sell half of its 600 megawatt (MW) wind power projects in India in what is likely to rank among the largest wind energy deals in India, two people aware of the development said.

  • Iraq, Saudi Arabia vie for oil crown in India as coronavirus hits demand

    Register Now Saudi Arabia exported 1.084 million b/d to India in April, beating Iraq's 760,000 b/d, according to Kpler data. Iraq had been the main oil supplier to India since 2017 as it replaced Iranian and Venezuelan crudes, which are currently under US sanctions. In March, Iraq shipped 969,000 b/d vs Saudi Arabia's 716,000 b/d.

  • Indian troops kill rebel commander in Kashmir’s main city

    A rebel commander and his aide were killed in a gunbattle with government forces in Kashmir’s main city on Tuesday, officials said, triggering anti-India protests and clashes in the disputed region. Scores of counterinsurgency police and paramilitary soldiers cordoned off a congested neighborhood in Srinagar’s old quarters on a tip that some militants were hiding there, said Pankaj Singh, a paramilitary spokesman. An exchange of gunfire began as troops scoured the area looking for militants, he said.

  • Indian Refiner Seeks to Halve Saudi Oil Imports as Tanks Fill

    Oil demand in the world’s third-biggest consumer has plunged 70% and may fall further after Prime Minister Narendra Modi extended the lockdown to 40 days from an initial 21 to contain the spread of the coronavirus. The collapse forced most Indian refineries to slash processing rates and pushed some to invoke force majeure on some oil shipments as storage tanks filled up.

  • India to Buy Up Middle Eastern Oil for Its Strategic Reserves

    While India’s storage capacity is relatively small, the purchases are an important sign that major consuming countries are trying to play their part in rebalancing a market that’s been pummeled by the coronavirus. China said earlier this month it would start buying up oil for its emergency reserves.

  • India drops anti-dumping probe against MEG imports from Saudi Arabia

    India has dropped an anti-dumping investigation over imports of polyester feedstock monoethylene glycol (MEG) from Saudi Arabia, but will continue the effort against Kuwait, Oman, Singapore and the United Arab Emirates, the government said. In an order on Monday, the government said Reliance Industries Ltd asked in February for Saudi Arabia to be dropped, after the company had sought the investigation in December into cheaper MEG exports by all five nations.

  • India cracks down on Muslim group emerging as coronavirus cluster

    India sealed off the headquarters of a Muslim missionary group on Tuesday and ordered an investigation into accusations it held religious meetings that officials fear may have infected dozens of people with the coronavirus.

  • For India, the biggest concern isn’t coronavirus. It’s hunger.

    The biggest lockdown in human history — 1.3 billion Indians ordered to stay home to curb the spread of the coronavirus — has unleashed chaos across the country as stranded migrant workers sleep in city streets, police beat curfew-breakers, fruits and vegetables rot in markets and masses of informal laborers find their livelihoods wiped out.

  • India’s oil minister says Saudi Arabia to supply LPG in coming days

    Saudi energy minister Prince Abdulaziz bin Salman had a video conference call with Pradhan and Aramco CEO Amin Nasser. The prince gave his assurance that India will have "LPG supplies in the coming days to support our domestic requirement," Pradhan said in a tweet

  • India plans to top up strategic tanks with cheap Saudi, UAE oil – sources

    “It is an opportune time for us and for them (Abu Dhabi National Oil Company and Saudi Aramco) to finalize the deals and fill the SPRs...If there is any delay, we might fill the SPRs on our own,” said an official familiar with the matter, asking not to be named.