21 August 2025
21 August 2025
The initiative is in line with the One Big Beautiful Bill Act.
The anticipated recoverable volume ranges from 96mboe to 134mboe.
The move could impact the supply to China, which had increased its intake during the Indian refiners' hiatus.
The agreement includes a minimum commitment of vessel utilisation spread over three years.
The company holds approximately an 8% share of India's refining capacity of 5.2mbbl/d.
The agreement enables both parties to jointly identify, assess and pursue acquisitions or participation in oil and gas assets in Brazil.
The 661.88-net-royalty-acre asset was a component of the Rising Phoenix Royalty Fund III and is known for its high cash flow and development potential.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
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