India, the world fourth largest oil consumer, has to forge a stronger energy relationship with Russia, the world’s single largest exporter of energy for more than a decade.
8Western sanctions have played an important role in recalibrating Russia's global energy outlook.
It is looking increasingly east as both sanctions and a dramatic fall in crude and gas prices have hit Russia economically
8It is now clear that Russia would end up in a recession during 2015. The economy will contract and the forecast is that the recession will continue until 2016
8While China has been able to cash in on Russia's vulnerability by striking a lucrative gas deal, India is still to make adequate efforts in this direction.
8This is despite the fact that India has strong ties with Russia.
8Both the Indian government and companies such as OVL will have to work hard to reap the energy dividend from Russia.
For more details visit indianpetroplus.com
8Western sanctions have played an important role in recalibrating Russia's global energy outlook.
It is looking increasingly east as both sanctions and a dramatic fall in crude and gas prices have hit Russia economically
8It is now clear that Russia would end up in a recession during 2015. The economy will contract and the forecast is that the recession will continue until 2016
8While China has been able to cash in on Russia's vulnerability by striking a lucrative gas deal, India is still to make adequate efforts in this direction.
8This is despite the fact that India has strong ties with Russia.
8Both the Indian government and companies such as OVL will have to work hard to reap the energy dividend from Russia.
For more details visit indianpetroplus.com
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