Italy will face short-term energy supply problems if Russia opts to cut gas sales to the country, Italian Ecological Transition Minister Roberto Cingolani has said.
India is expanding oil refining capacity to produce more fuel and petrochemicals as also investing in pipelines and terminals to increase the share of natural gas in the energy mix.
In the defence sector, India is looking at $18 billion worth of orders that are under implementation
The bulk of the foreign investment is in refineries and retailing, not in discovery and production