Tag: India
Rosneft-led consortium plans to complete Essar Oil acquisition next month
Essar Oil deal valued at $12.9 billion By Vladimir Soldatkin, Alexander Winning and Kira Zavyalova MOSCOW, Feb 20 (Reuters) – A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India’s Essar Oil next month, two Russian sources close to the deal told Reuters. Acquiring the refiner will […]
Cheap solar ambulances to speed into service in rural Bangladesh
Solar ambulances can bring services to rural areas By Mushfique Wadud DHAKA, Feb 14 (Thomson Reuters Foundation) – Inexpensive, solar ambulances that can fit down narrow laneways is set to hit the road in rural Bangladesh this year, its manufacturers say. The three-wheeled van, as well-equipped as ambulances used in Bangladesh’s cities, runs entirely on […]
After 16 attempts, a cheaper method for carbon capture at work in India
Carbon capture system developed by two students costs about half of other technologies By Rina Chandran MUMBAI, Feb 2 (Thomson Reuters Foundation) – As students at the prestigious Indian Institute of Technology in Kharagpur in eastern India, Aniruddha Sharma and Prateek Bumb had one obsession: finding a cheaper, more efficient way to capture carbon emissions to […]
India shows it’s serious about renewables with giant solar power plant
10 Km sq solar power can power 150,000 homes By Rina Chandran CHENNAI, India, Jan 26 (Thomson Reuters Foundation) – It took 8,500 men working two shifts every day for six months – and three shifts for two months – to finish, ahead of schedule, the Adani Group’s giant solar power plant in southern India. The […]
Opinion: India’s gasoline consumption shows no sign of being slaked
India’s gasoline consumption up over 12 per cent in 2016 By John Kemp LONDON, Jan 10 (Reuters) – India’s gasoline consumption continues to grow rapidly as an increasing number of individuals purchase their first motorised vehicle, helping drive the fastest growth in fuel demand in the world. India’s gasoline consumption rose more than 12 per […]
Five good news stories you might have missed in 2016
Peace comes to Columbia, climate action in 2016 By Magdalena Mis LONDON, Dec 23 (Thomson Reuters Foundation) – As 2016 draws to a close with news dominated by bloodshed, disasters and disease from the Middle East to Africa and Latin America, it may seem there wasn’t much to be happy about this year. Despite continued […]
Growth in global coal demand to slow over next five years – IEA
China coal demand “in structural and slow decline”: IEA By Nina Chestney LONDON, Dec 12 (Reuters) – Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency (IEA) said on Monday. The IEA […]
Indian Oil plans $5.5 billion expansion of refinery co-owned by Iran
Indian Oil refinery expected to increase capacity from 20,000 b/d to 300,000 b/d By Nidhi Verma NEW DELHI, Nov 23 (Reuters) – An Indian Oil Corp unit plans to invest $5.5 billion to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000 barrels per day (b/d), its chairman said, to help meet a […]
Rosneft deal to buy India’s Essar Oil does not violate sanctions
Rosneft will control 49 per cent of Essar Oil WASHINGTON, Oct 20 (Reuters) – A deal by a state-owned Russian oil company Rosneft and others to buy India’s Essar Oil for $12.9 billion does not run afoul of U.S. sanctions on Russia, the State Department said. “I don’t think we see any violation of any […]
India LNG import capacity to be doubled to 50 mln T/ year
India LNG import increased to help country move to gas-based economy NEW DELHI, Oct 13 (Reuters) – India plans to more than double its liquefied natural gas (LNG) import capacity to 50 million tonnes a year, Oil Minister Dharmendra Pradhan told a news conference on Thursday, without giving a timeline. It has a capacity to […]
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