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India’s Top Refiner Looks To Import 24 Million Barrels Of U.S. Oil

India’s Top Refiner Looks To Import 24 Million Barrels Of U.S. Oil

By Tsvetana Paraskova – Jun 08, 2020, 2:30 PM CDT

Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, has issued a tender to import a total of up to 24 million barrels of crude oil from the United States between October this year and March next year, Reuters reported on Monday, citing tender documents it has seen.

IOC wants to import 2 million barrels each month for the six months after October 2020, plus an option for another 2 million barrels of oil from the U.S. every month during that period, according to the documents.

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