Reuters: India’s largest oil company IOC refuses Russian raw materials

India’s largest oil and gas company, Indian Oil Corporation (IOC), has excluded Russian Urals oil from its latest tender, Reuters reported, citing sources. IOC has also phased out other sour crudes Das, Eugene Island and Thunder Horse, the agency said. According to him, Indian Oil plans to switch to sweet crude. The company did not comment on this information. IOC buys oil for itself and its “daughter” Chennai Petroleum. IOC and its subsidiaries occupy 47% of the Indian oil market. Today, April 12, Indian Foreign Minister Subramaniam Jaishankar said that trade with Russia is in the interests of the country, and rejected calls to reduce purchases of Russian oil. A day earlier, US President Joe Biden urged Indian Prime Minister Narendra Modi not to increase fuel imports from Russia. At the end of March, Bloomberg reported that Moscow offered New Delhi to increase supplies and purchase oil for rubles at a discount. Will India refuse … .

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