IOC renews deal to buy up to 2 MT of oil from Russia's Rosneft

India has tied up supplies from Russia to the US in a bid to diversify its oil import basket, cutting reliance on the Middle East to meet its oil needs. "Rosneft and IOC signed a contract for the supply of up to 2 million tonnes of oil to India through the port of Novorossiysk by the end of 2022," the Russian firm said on its website.

from Energy-Industry-Economic Times https://ift.tt/3DypfjL