Indian Refiners Shift to Guyanese Oil
Indian refiners, Indian Oil Corp. and Hindustan Petroleum, have purchased 4 million barrels of Guyanese crude from the Exxon-led Stabroek Block.
This move signals a shift in India's oil import strategy amidst geopolitical pressures, according to OilPrice.com.
Two Indian refiners have bought cargoes totaling 4 million barrels of Guyanese crude, citing unnamed trade sources.
The oil will be delivered by the end of this year or the start of 2026, as reported by Reuters.
Irina, a writer for Oilprice.com with over a decade of experience, notes this significant development in the oil and gas industry.
Author's summary: India's oil import strategy is shifting.
- Indian Oil Corp. and Hindustan Petroleum purchased 4 million barrels of Guyanese crude.
- The oil will be delivered by the end of 2025 or early 2026.
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