Indian Oil Corp. Seeks to Replace Russian Oil With American Barrels
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Indian Oil Corp. (IOC), India's largest refiner, is seeking to procure 24 million barrels of crude oil from the Americas in Q1 of next year to compensate for reduced Russian oil supply due to recent U.S. sanctions. This move indicates a diversification of IOC's supply chain and a potential shift in sourcing strategy.
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المصدر الأصلي
Indian Oil Corp. is looking to buy 24 million barrels of crude oil from the Americas in the first quarter of next year to replace lost Russian supply after the latest U.S. sanctions on Rosneft and Lukoil. Bloomberg reported that the company, which is India’s largest refiner, is looking for cargos from the United States, Canada, Brazil, and Latin America. Reuters reported IOC was looking for both high-sulfur and low-sulfur grades. The publication cited an unnamed source as saying the invitation for expression of interest aimed to test the…
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المقال الأصلي منشور بواسطة OilPrice.com في أكتوبر 30, 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.