Indian Oil signs first annual deal for U.S. oil
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Article by:
Nidhi Verma, Florence Tan - Reuters
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Date Published:
February 18, 2019
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Who was cited:
Sri Paravaikkarasu, Director of Asia Oil and Head of East of Suez Oil Service FGE
Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday.
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