By CNBCTV18.com Apr 15, 2021 12:35:05 PM IST (Published)
State-owned Indian Oil Corporation (IOC) will buy a consignment of Guyanese crude oil at competitive rates in a push to diversify the sources of crude oil purchase, a report said.
State-owned Indian Oil Corporation (IOC) will buy a consignment of Guyanese crude oil at competitive rates in a push to diversify the sources of crude oil purchase, a report said.
The deal is deemed to be in line with the strategy to have source diversification of crude oil for the Indian state refiners, a Business Standard report said citing oil ministry officials.
The state refiners are no longer constrained by West Asian crude oil grades and can process around 200 grades of crude oil today, the newspaper report said.