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Iraq cuts crude oil supplies for Indian refiners

Jan. 22, 2021

Source: Energy World

Iraq cuts crude oil supplies for Indian refiners

Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20 per cent for 2021. The supply cuts to India followed a $2.5 billion oil prepayment deal between SOMO and Chinese state oil trader Zhenhua Oil Corp for 48 million barrels of Basra crude.

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