Serbia Current Affairs - 2020

India Russia sign first ever Term Contract to import crude oil to India

On February 5, 2020, the Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan and the Chairman of Rosneft (Russia’s largest oil producing company) signed the first ever term contract. According to the contract India will import 2 million metric tonnes of Urals grade crude oil.

Highlights

The agreement was signed between IOCL and Rosneft. The companies discussed on energy cooperation and hydrocarbon enhancement.

Rosneft is the largest oil producing company in Russia. The company is extended over 20 countries in the world. The company is to bid in the disinvestment of BPCL (Bharat Petroleum Corporation Limited). On November 20, 2019, the Union cabinet approved to privatize BPCL selling 52.98% of its stakes to private sector.

India and Russia Oil Ties

After the crude oil agreement, India and Russia are also looking for ways to sign agreements to bring LNG (Liquefied Natural Gas) supplies from Russia. Russia is estimated to posses 10 to 14 billion tonnes of oil and 15 trillion cubic metres of gas. The rich resources of Russia extends till Serbia in Pacific Ocean in the far East region.

Australian Open 2019

Australian Open which is the first of the four Grand Slam tennis event concluded at Melbourne in Australia. Nicknamed as the happy slam, the Australian Open has grown to become the largest annual sporting event in the Southern Hemisphere.

Grand Slam tennis events

Apart from Australian Open, Other Grand Slam tennis events are  French Open, Wimbledon, and the US Open.

Winners of the Australian Open 2019

The Winners of the Australian Open 2019 are:

  • Women’s Singles: Naomi Osaka of Japan.
  • Men’s Singles: Novak Djokovic of Serbia.
  • Women’s Doubles: Samantha Stosur of Australia and Zhang Shuai of China.
  • Men’s Doubles: Pierre-Hugues Herbert and Nicolas Mahut of France.
  • Mixed Doubles: Czech Republic’s Barbora Krejcikova and Rajeev Ram of the US.

Novak Djokovic of Serbia become the first man to win seven titles at Australian Open. The victory of Naomi Osaka of Japan cements her place as number one women singles player of the world.