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Kuwait hopes to boost oil sales to India through buying refinery stake - executive

Reuters  |  NEW DELHI 

By Florence Tan and Nidhi VermaNEW DELHI (Reuters) - Middle Eastern oil producer Kuwait hopes to sell an additional 200,000 barrels per day (bpd) of crude oil to India through the purchase of a stake in an oil refinery in the country, Kuwait Petroleum International (KPI) Chief Executive Officer Nabil Bourisli said on Wednesday.Kuwait intends to sign an agreement to buy a stake in an Indian refinery and petrochemical project in about one to two weeks, Bourisli said while attending the International Energy Forum in New Delhi. He did not give a location for the project other than in ...

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First Published: Wed, April 11 2018. 11:36 IST