IndianOil Corporation has become the first Indian refiner to buy US equity oil — a third-country company’s share of output proportionate to its stake in a field — under term contract as part of its plan to substitute Iranian supplies that were stopped since this month under threat of US sanctions.
IndianOil Corporation has become the first Indian refiner to buy US equity oil — a third-country company’s share of output proportionate to its stake in a field — under term contract as part of its plan to substitute Iranian supplies that were stopped since this month under threat of US sanctions.
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