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Indian Oil looking for annual deal to buy US oil

Updated : January 30, 2019 07:57 PM IST

Washington in November granted a six-month waiver to New Delhi from sanctions against Tehran and restricted India's monthly intake of Iranian oil to 1.25 million tonnes or 300,000 barrels per day.
India Oil had previously purchased US oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of US oil between November to January.
Indian Oil looking for annual deal to buy US oil

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