5 Comments
User's avatar
Pooran's avatar

By processing Venezuelan Crude, your output for the Coker units gets significantly poorer, thus you get only asphalt grade coke and not your needle coke, needed for CNC in anodes.

So, Indian refiners' gain is steelmakers' pain!! Shows how interconnected modern businesses are!!

Bhratesh's avatar

When you say borrowing by municipality only thing comes to mind is corruption all around.

What will they do by borrowing? By having more money?

They will only be more corrupt.

Just look at the level of corruption in Indore the so very wrongly called cleanest city of the country for seven years in a row. The nagar Nigam even lost the property tax records for the whole of region last year and was demanding the proof from the tax payers else one needs to repay the already paid tax. So much for digital india and growth.

Abhay Abhyankar's avatar

This bit needs to be updated; an EO that you wont find mainstream media reporting (your report is excellent by the way)!: "The US offered many justifications for the operation — which we won’t go into. One that stood out, though, was oil. A few days after his raid, Trump announced that Venezuela would turn over millions of barrels of oil to the United States. Shortly afterwards, he claimed that America would control Venezuelan oil for years. "

Abhay Abhyankar's avatar

I think you should incorporate this US Govt/WH Executive Order, which clarifies how the US Govt will treat revenues from the sale of Venezuelan oil. Its important to set this fact out. https://www.whitehouse.gov/presidential-actions/2026/01/safeguarding-venezuelan-oil-revenue-for-the-good-of-the-american-and-venezuelan-people/