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  • IndianOil finalises term contract for import of US crude oil grades in FY 2019-20
    édité le 18/02/2019 - Plus de news de "Indian Oil" - Voir la fiche entreprise de "Indian Oil"


IndianOil finalises term contract for import of US crude oil grades in FY 2019-20
IndianOil has finalised a term contract for import of up to 3.0 MMT (million metric tonnes) of crude oil of US origin grades as a part of its strategy to diversify term crude sources. The contract was finalised on Friday, 15th February 2019.

The approximate value of the contract works out to USD 1.5 Billion. This is the first term contract finalised by any Indian PSU oil company for import of US origin crude oil grades.

About Indian Oil Corporation (IndianOil)


Indian Oil Corporation Ltd. (IndianOil) is India's largest commercial enterprise, ranked 119th among the world's largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2015. IndianOil has been meeting India’s energy demands for over half a century. Its business interests straddle the entire hydrocarbon value-chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals, besides forays into alternative energy and globalisation of downstream operations. As part of its Exploration & Production portfolio, IndianOil has participating interest in eight domestic and seven overseas blocks. The seven overseas blocks are located in Libya, Gabon, Nigeria, Yemen, Venezuela, Canada and USA.


Origine : Communiqué Indian Oil

Voir la fiche entreprise de "Indian Oil"



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