Indian state refiners considering to reduce May Saudi oil imports
Wed, Mar 17, 2021 6:30 AM

Indian state refiners considering to reduce May Saudi oil imports

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Indian state refiners eyeing to reduce oil imports from Saudi Arabia by about a quarter in May compared to average monthly purchases. It came after the government asked refiners to reduce dependence on Middle Eastern supplies. Indian Oil Corp, Bharat Petroleum Corp., Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd are preparing to lift about 10.8 million barrels in May.

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