"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
In 2010, the architectural landscape witnessed a milestone as Dubai's Burj Khalifa proudly claimed the title of the world's tallest building, soaring to an impressive height of 828 meters. Now, in the unfolding narrative of skyscraper achievements, Saudi Arabia's Jeddah Tower emerges as a contender, poised to surpass this record with a projected height exceeding 1,000 meters upon completion. Jeddah Tower, also recognized as Kingdom Tower, is a pivotal component of a monumental $20 billion mega-project in north Jeddah. After a hiatus lasting five years, construction recommenced in 2023, breathing new life into the ambitious $1.23 billion endeavor. As the tower steadily ascends towards the heavens, it aims to redefine not only its physical height but also the boundaries of architectural innovation. Venturing beyond mere verticality, Jeddah Tower is envisioned as a multifunctional marvel. Beyond its role as a symbol of height, it will serve as a dynamic urban hub, ...