Rakesh Sharma

5 days ago | bloomberg.com | Rakesh Sharma |Rajesh Kumar Singh

A naphtha cracker facility. (Bloomberg) -- The eastern Indian state of Odisha is expecting a 1.2 trillion rupees ($14.1 billion) investment over the next 10 years to build a petrochemical hub near the Bay of Bengal, according to a senior government official. Indian Oil Corp.

6 days ago | rigzone.com | Rakesh Sharma |Stephen Stapczynski

Indian liquefied natural gas importers have signed a flurry of long-term purchase agreements linked to the US price benchmark, the latest effort by the nation’s buyers to protect themselves from volatile markets. State-owned companies have signed at least four contracts since December, totaling nearly 11 million tons per year, priced to the Henry Hub index, according to the executives familiar with the deals.

1 week ago | bloomberg.com | Rakesh Sharma |Yongchang Chin

An oil field in Russia. (Bloomberg) -- Some Indian refiners are planning to take more Russian crude from the spot market this year, with at least one processor seeking changes to contract clauses to allow greater buying flexibility. Indian Oil Corp., the nation’s biggest refiner, is planning to have a quarter of its supply made up of Russian barrels, while Bharat Petroleum Corp. wants around a third of its processed crude to be from the OPEC+ producer.

1 week ago | bloomberg.com | Rakesh Sharma |Stephen Stapczynski

(Bloomberg) -- Indian liquefied natural gas importers have signed a flurry of long-term purchase agreements linked to the US price benchmark, the latest effort by the nation’s buyers to protect themselves from volatile markets. State-owned companies have signed at least four contracts since December, totaling nearly 11 million tons per year, priced to the Henry Hub index, according to the executives familiar with the deals.

1 week ago | news.bloombergtax.com | Rakesh Sharma |Sudhi Ranjan Sen |Ruchi Bhatia

Saudi Arabia’s progress in securing investment in two oil refineries in India is being held back by a lack of consensus around crude supply, according to people familiar with the matter. The nations agreed last month to collaborate on the two plants, as the largest oil exporter seeks to tap a massive market that will help driveglobal demand growth.