Daily Archives: April 10, 2018

Iran agrees to take all of OVL’s Farzad-B gas

Iran has agreed to take the gas produced from the ONGC Videsh Ltd-discovered Farzad-B field in the Persian Gulf, but differences remain over returns on investments made by the Indian firm. Iran previously conditioned granting rights to develop the Farzad-B fields to OVL on Indian firms buying all of the gas produced at the imported-LNG

Oil approaches $70 a barrel as fears over trade war ebb

Oil prices neared $70 a barrel on Tuesday, extending strong gains from the previous day, as investors grew more optimistic that a trade dispute between the United States and China may be resolved without greater damage to the global economy. Brent crude futures were up 81 cents at $69.46 a barrel by 0850 GMT, while

Jet Airways rules out Air India bid

Jet Airways on Tuesday became the latest major Indian airline to rule out a bid for debt-laden national carrier Air India in a new blow to the government’s privatisation plans. The announcement came just days after rival IndiGo pulled out of the race to acquire Air India’s operations meaning the government now has no clear

Delay hits solar project in port

PARADIP: Inordinate delay in completion of the solar power plant in Paradip port has caused resentment among the stakeholders including port workers, employees and trade union leaders. With the contract agency abandoning project work, the fate of the proposed plant hangs in balance.The Central Government had proposed to set up utility-scale solar photovoltaic power plants