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Business Standard

IOC to buy Guyanese crude as India doubles up on cutting Opec dependence

According to oil ministry officials, this deal is at competitive rates and is in line with the strategy to have multiple sources of crude oil for Indian refiners

Topics
Indian Oil Corporation | guyana | Indian oil import

Twesh Mishra  |  New Delhi 

Indian Oil Corporation, IOC
India recently doubled efforts to diversify the regions from where it buys crude oil

Indian Oil Corporation (IOC) will buy a consignment of Guyanese crude oil in a push to diversify the sources.

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First Published: Thu, April 15 2021. 06:10 IST

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