by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
The refiner, part-owned by Russian oil major Rosneft PJSC, is an important pillar of the Indian market. Its 400,000 barrels-a-day processing plant accounts for 8% of the country’s refining, and the company operates 7% of its fuel stations. It’s been forced to reduce...
by AIP Online Bureau | Aug 1, 2025 | Eco/Invest/Demography, Indian News, Policy
This week, the Trump administration cited the purchases as a reason to hit India with hefty import tariffs and also threatened more unspecified penalties for taking the oil. New Delhi has since asked refiners to devise and share plans on sourcing crude from elsewhere...
by AIP Online Bureau | Jul 31, 2025 | Indian News, Policy
The country’s state refiners – Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd – have not sought Russian crude in the past week or so, four sources familiar with the refiners’ purchase...
by AIP Online Bureau | Jul 30, 2025 | Disaster & Management, Eco/Invest/Demography, International News
The shallow earthquake damaged buildings and injured several people in the remote Russian region, while much of Japan’s eastern seaboard – devastated by a 9.0 magnitude earthquake and tsunami in 2011 – was ordered to evacuate. Workers evacuated the...
by AIP Online Bureau | Jul 30, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters NEW DELHI: The owners of three vessels...
