Reuters exclusively reports India planning refiners' joint oil deals to cut import bill - Reuters News Agency
DealsEnergy

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.

Article Tags
Topics of Interest: DealsEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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