India Pursues Oil Purchase Deal with Guyana

09 Feb 2024 CW Team

India is in talks to finalize an oil purchase agreement with Guyana, aiming to bolster its crude oil imports diversification strategy. The potential deal would enable India to secure a stable supply of crude oil from Guyana, a significant move in reducing reliance on traditional oil-producing nations.

As India endeavors to enhance its energy security and reduce dependency on oil imports from volatile regions, Guyana emerges as a promising partner due to its burgeoning oil reserves. The proposed agreement underscores India's strategic shift towards sourcing crude oil from newer, more stable markets to mitigate supply risks and ensure uninterrupted energy supply.

The negotiations between India and Guyana signify the mutual interest in fostering stronger bilateral ties and exploring opportunities for collaboration in the energy sector. If successful, the oil purchase deal would mark a significant milestone in the relationship between the two nations, opening avenues for future cooperation and partnership.

Furthermore, the potential agreement aligns with India's broader objectives of promoting sustainable and diversified energy sources. By tapping into Guyana's oil resources, India aims to strengthen its position as a global energy player while supporting economic growth and development in both countries.

Overall, the pursuit of an oil purchase deal with Guyana reflects India's proactive approach towards securing reliable energy sources and enhancing its energy resilience. It underscores the country's commitment to adopting innovative strategies to meet its growing energy demands while fostering international partnerships for mutual benefit.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..