May 18, 2019

IOCL to get extra 2m barrel/month of Saudi crude from July

In a bid to make up for the supply loss of Iranian oil due to US sanctions, oil guzzler IOCL has availed the option of receiving an extra 2 million barrels of crude from Saudi Aramco. Under the deal, the state-run refiner will get the extra crude supply for every month between July-December. IOCL entered into a term deal to purchase 5.6 million tonnes of Saudi crude in 2019/20.

   Read More About : India IOCL Iran Saudi Aramco US Sanctions
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