State-run refiner Indian Oil buying more crude from US


NEW DELHI: One of Iran’s biggest oil customers is buying more US crude as President Donald Trump sticks to his pledge to squeeze the Persian Gulf nation’s energy trade.

State-run refiner Indian Oil Corp, which had been buying US crude in the spot market, signed a term tender to purchase American oil for delivery every month between November and January, according to finance director Arun Kumar Sharma.

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Business , oil , iran

   

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