Oil Economy

MMIE, ONGC Videsh sign energy cooperation deal

The Government of Equatorial Guinea, represented by the Ministry of Mines, Industry and Energy, has signed a memorandum of understanding (MoU) with the Oil and Natural Gas Corporation Limited (ONGC Videsh) for a sweeping cooperation that could...

NNPC’S Reorganization Continues

N THE NEWS – Eight Executive Directors of the Nigeria National Petroleum Corporation, NNPC have been relieved of their positions as President Muhammadu Buhari continues with his reorganization and downsizing of the apex oil corporation. The...

India slows oil import from Iran

India is injecting approximately $388 million to strengthen its crude oil reserves against the inherent crude oil price fluctuations. Reuters reported the country’s Finance Minister Arun Jaitley as saying that the increased budgetary allocation...

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