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China cements influence in Iraq through oil, infrastructure deals

Labourers work on the construction site for a school, part of the Iraq-China ‘oil for construction’ deal, in the Sumer neighbourhood of Nasiriyah city, in Iraq (AFP) BAGHDAD: China has gained a major foothold in oil-rich Iraq, shaking up Western domination in fields from energy to construction, even as some warn that infrastructure projects could …

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US said Russia oil refined in India is making it to American companies: RBI deputy governor | India News

MUMBAI: US government has shared with Indian authorities how sanctioned Russian oil processed in India is making it to US manufacturers. This was revealed by a senior Reserve Bank of India official on Saturday. RBI deputy governor Michael Patra in an event to mark 75 years of Indian independence, spoke about how India is resilient …

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Russian promoted Indian oil refinery posts record profit of about $447 million

India’s Nayara Energy, part owned by Russian oil major RosneftMM, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports. Nayara posted a net profit of about 35.64 billion rupees($447.5 million) in the June quarter compared to a net loss of 1.39 billion …

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ONGC Net Triples To Rs 15k Cr On Bumper Oil, Gas Prices

Business oi-PTI | Published: Saturday, August 13, 2022, 9:12 [IST] India’s top oil and gas producer ONGC on Friday reported a tripling of net profit in the June quarter as it earned record prices before the government slapped a tax on windfall profits arising from a global rally in energy rates. Oil and Natural Gas …

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Oil prices set for weekly climb, but cloudy demand outlook caps gains

By Noah Browning LONDON (Reuters) -Oil prices were down slightly on Friday but set to rise on the week as recession fears eased though an uncertain demand outlook capped gains. Brent crude futures were down 9 cents, or 0.1%, to $99.51 a barrel 0900 GMT, while U.S. West Texas Intermediate …

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Palm oil imports fall in July as soyoil jumps to record high

MUMBAI: India’s palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi’s move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday. Higher soyoil purchases by the world’s biggest edible …

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Stocks to watch: Bata India, Page Inds, NMDC, Apollo Hospitals, Oil India

Stocks to watch today: After the markets notched four-month high in the last session, they are likely to open range-bound on Friday. As of 7:25 AM, the SGX Nifty Futures quoted 17,678 levels, up 19-odd points on the Nifty50. Globally, the US markets were choppy in trade on Thursday. Dow Jones …

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