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Indian Oil Corp issues five-year tanker tender to import Iraqi oil: document

Reuters  |  NEW DELHI 

By Nidhi VermaNEW DELHI (Reuters) - India's top refiner, Indian Oil Corp (IOC), has issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed.The tender says Indian shippers will be given first right of refusal for the contract as the nation seeks to boost its shipping industry. It is seeking bids from vessels that are less than 10-years old.A scrubber is a product that strips out sulphur emissions and, in doing so, can allow shippers to use dirtier fuel oil but still meet new global requirements for ...

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First Published: Tue, December 04 2018. 20:03 IST
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