Russia will supply 9.5 million barrels of #oil to India under a long-term deal to help manage global supply challenges and diversify #energy sources

Heavy import reliance on DAP, but largely self-sufficient in Urea production, which requires 80% LNG — yet sufficient reserve infra wasn't set up.

$11B is India's Urea consumption, almost 95% is taxpayer subsidised, annually. Combined cost of building a hybrid FSRU + Onshore Tank for a 90-day LNG reserve is a one-time ~$5B.

This excludes the real 1 & 2nd order cost escalation in times like today. Could end up paying upto 3x to secure the same supply, if/when you manage to get a supplier & delivery.

#Agriculture

BREAKING: World's 2nd largest shipping company, Maersk, suspends all cargo bookings for the UAE, Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, & Iraq

UAE especially imports about 80% of its food. #Geopolitics #InternationalNews

Mazagon Dock Shipbuilders Secures Landmark ₹99,000 Crore Indian Navy Contract, Surpassing Its ₹80,000 Crore Market Capitalization in a Major Strategic Win. #Defence #shipbuilding

https://t.co/iIywpACj3d

🇮🇷⚔️🇹🇷: Turkish MoD confirms an Iranian missile was launched towards them, and it was intercepted.

🇮🇷⚔️🇦🇿: Major Azerbaijani airport got bombed by Iranian drones. Azerbaijan summons Iranian ambassador, says they reserve the right to respond.

#InternationalNews #Geopolitics

🇮🇷🇦🇿⚡️- A DRONE MAKES DIRECT IMPACT WITH NAKHCHIVAN AIRPORT, AZERBAIJAN.

🇮🇷🇹🇷⚡- Iran's General Staff denies the reports of firing a missile at Turkey, and says Tehran "respects the sovereignty of its friendly neighbor."

🇶🇦⚡ Impacts at US Al-Udeid Airbase, Qatar.

BREAKING 🚨🚨🚨

🇨🇳 China has told its largest #Oil refiners to suspend exports of diesel and gasoline, as the West Asia War risks crashing the Global Energy Supplies

#InternationalNews

🇨🇳⚡- China's Shanghai INE crude futures have surged to $98.5 per barrel! #InternationalNews #Oil

🇮🇳🛢️ India's MCX crude oil futures have risen to $76.55 #Economy

🇱🇰❌🇮🇷 Sri Lanka denies two more Iran ships docking permissions. #IndianSubcontinent

https://t.co/ywmP6JDFTE

🇮🇳💐🇮🇷Breaking: Foreign Secretary Vikram Misri on behalf of the Government of India signed the Condolence Book at the Iran Embassy. The Book has been opened after the killing of Supreme leader Khamenei. #ForeignAffairs

🇯🇵 Japan has instructed its Refiners to stop exporting Diesel and Gasoline.

Japan Refineries are now asking the Japanese Government to open up the National Reserve, although for now the Government has declined for it.

Japan has a National Reserve of 254 days. They import 90% of Crude Oil from West Asia

#InternationalNews

The Iranian Foreign Ministry states that Azerbaijan is not a target for attacks by the Islamic Republic of Iran, and the incident itself must be investigated as thoroughly as possible.

Thus, Iran completely denies the facts of attacks by Turkey and Azerbaijan. #Geopolitics #InternationalNews

MIHAN project generates 1.27 lakh #jobs, 120 firms invest in Nagpur hub

https://t.co/NCeuuOz8Jv

India currently imports about 195 million metric standard cubic metres per day (MMSCMD) of natural gas. Out of this, around 60 MMSCMD comes from Qatar. However, authorities said India is already exploring alternative markets to reduce dependence on any single supplier. #Oil #Energy #nationalsecurity

https://t.co/Sx6IEF19mS

Government source say -

* India is in a very comfortable position in energy security. Current position of stock is comfortable. Stock is being replenished every day.

* No shortage of LPG or LNG. There is no shortage of Crude oil in the world. India is in touch with other suppliers as well

* Australia and Canada have also offered to sell gas to India. India is looking for other alternative sources also. Recently India signed a new contract with UAE and US

*India imports 195 MMSCMD of gas, out of that Qatar supplies only 60 MMSCMD, India looking for alternative markets to buy gas

* India is in talks with major oil producers and traders to buy crude and LPG

* India is in talks with International Energy Agency (IEA) and Organization of the Petroleum Exporting Countries (OPEC)

* India in talks with USA to get insurance for ships. India is reviewing the energy situation twice a day.

#Energy #Policy
https://t.co/Sx6IEF19mS