Mining News

Reuters exclusively reports India planning refiners’ joint oil deals to cut import bill

Reuters exclusively reported that India is forming a group that brings together state-run and private refiners to seek better crude import deals, as the country grapples with soaring oil prices. The world’s third-largest oil importer and consumer, India depends on imports for about 85% of its crude and buys most of it from Middle East producers. Indian state refiners have already jointly negotiated some crude oil purchases.

The post Reuters exclusively reports India planning refiners’ joint oil deals to cut import bill appeared first on Reuters News Agency.

Share this article