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Indian state refiners near first annual deals to buy Russian oil

Updated : January 22, 2020 09:22 AM IST

India, the world's third biggest oil consumer and importer, which ships in over 80 percent of its needs, usually relies on the Middle East for the majority of its supply.
Indian Oil Corporation, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd are now moving towards signing deals for Russian oil.
BPCL plans to raise its crude processing in 2020/21 by 1 million tonnes as operations at its Kochi and Bina refineries stabilize after an upgrade.
Indian state refiners near first annual deals to buy Russian oil

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