Articles

  • Feb 7, 2024 | argusmedia.com | Rithika Krishna |Rituparna Ghosh

    State-controlled Saudi Aramco is in "serious" investment discussions with companies in India, the firm's downstream vice president Faisal Faqeer said, as the country looks to secure refining and petrochemical deals across Asia-Pacific. The company which has already bolstered its presence in China, hopes to "see more announcements on investments in Indian companies", Faqeer told India Energy week in Goa on Wednesday.

  • Oct 8, 2023 | argusmedia.com | Rithika Krishna

    Key Mideast Gulf oil ministers on Sunday backed the need for a concerted push towards cleaner energy forms, but called for realism as they warned that all costs need to be taken into account in the path to decarbonisation. Speaking at the UN Framework Convention on Climate Change's (UNFCCC) Mena Climate Week conference in Riyadh, UAE energy minister Suhail al-Mazrouei said the transition needs to be carried out keeping twin pillars of energy affordability and security in sight.

  • Oct 4, 2023 | argusmedia.com | Nader Itayim |Rithika Krishna |Rituparna Ghosh

    Published date: 04 October 2023 Indian oil minister Hardeep Singh Puri said there is a possibility of changes to plans for Indian state-controlled refiner IOC's 1.2mn b/d (60mn t/yr) West Coast refinery project being developed with two Mideast Gulf national oil companies. Speaking to Argus in an interview in Abu Dhabi, the minister said it may be better to build three smaller plants of 20mn t/yr, and that there have been some discussions about this.

  • Oct 4, 2023 | argusmedia.com | Nader Itayim |Rithika Krishna |Ben Winkley

    India's oil minister today said Opec+ "supply-side management" will have consequences for demand, because the global economy is not in a position to shoulder high prices. Speaking to Argus in Abu Dhabi, Hardeep Singh Puri dismissed the argument made by, among others, Opec heavyweights Saudi Arabia and the UAE that higher prices are needed to stimulate the investment necessary to counter supply decline. "When you take off 5.2mn b/d [from the market], it is not due to lack of investment," he said.

  • Sep 13, 2023 | argusmedia.com | Rithika Krishna

    Published date: 14 September 2023 Oman's state-owned OQ has exported the first ultra-low sulphur diesel (ULSD) cargoes from its new 230,000 b/d Duqm refinery. The refinery, a 50:50 joint venture with Kuwait's state-owned KPI, has been conducting trial runs as it nears the full capacity by the end of this year.

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Rithika Krishna
Rithika Krishna @rithika_krishna
7 Apr 25

Asia-Pacific countries like Vietnam, Malaysia, Indonesia, Taiwan and Singapore - have so far not followed China's lead by retaliating against #TrumpTariffs #Vietnam is facing one of the highest targeted tariff rates of 46pc Read more at : https://t.co/SA6cQuBaQg

Rithika Krishna
Rithika Krishna @rithika_krishna
13 Feb 25

RT @ncitayim: NEW: 🇸🇾 #Syria is struggling to secure crude and refined oil products through public tenders because shipowners remain in two…

Rithika Krishna
Rithika Krishna @rithika_krishna
5 Dec 24

RT @Bacharelhalabi: EXCLUSIVE - UPDATE | The new #Opec+ deal: -Unwinding 2.2mn b/d begins in April 2025 -extend the period of unwinding to…