Alec Sarner

All League Offensive Lineman – Center

Indian Oil Corporation Limited Agreement

The agreement was signed during delegation-level discussions between India and Russia. While the Indian side was led by the Union`s Oil and Gas Minister Dharmendra Pradhan, Rosneft CEO Igor Setchine headed the Russian delegation. Click here to read the Mint ePaperMint is now on telegram. Join the mint chain in your telegram and stay up to date with the latest economic news. Pradhan said: “Oil is an important pillar of the strategic and privileged partnership between India and Russia. Indian oil and gas companies appreciate their collaboration with Rosneft, one of the leading companies working together on our energy security goals. Indian Oil Corporation Limited (IOCL) on Wednesday signed a contract with Russia`s Rosneft Oil Company to import two million tonnes of Russian crude oil per year. Transparency International India is the Indian chapter of Transparency International, based in Berlin, which operates in 93 countries. The Integrity Pact program was launched by TI in the mid-1990s to create “integrity islands” through a voluntary contract between the buyer and seller to eliminate unfair practices.

It creates reciprocal contractual rights and obligations, creates transparency and strengthens the credibility of organizations. The two sides discussed ongoing investments between India`s oil and gas plants and Rosneft and discussed further improvements in energy cooperation and increased commitment to hydrocarbons, both on the investment front and in the supply of natural gas and crude oil. IndianOil adopted the Integrity Pact of July 15, 2008. The details of the Integrity Pact are listed below: Delivery of Ss Pipes Under Tpi As Per Tender Specification. The two sides agreed to advance the common priorities discussed during Minister Pradhan`s visit to Russia last September, including the study of a roadmap for Indian investments in the Russian project of Wostok (Ostcluster). They also examined opportunities for Indian companies to participate in infrastructure development projects in the Siberian and Arctic regions. Rosneft, CEO, Sechin expressed his willingness to intensify cooperation to further strengthen India`s energy security and cooperate with Indian oil and gas companies.

December 10, 2020 - Posted by | Uncategorized