India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia ...Middle East

Economy by : (OILPRICE) -
India continues its efforts to shake off its oil dependence on OPEC’s decisions by asking its state refiners to review what it sees as contracts “loaded against the buyer” with Saudi Arabia, a top Indian official told Indian media on Friday. India, which relies on imports for more than 80 percent of its consumption and whose imports from the Middle East account for around 60 percent of all foreign shipments, has been displeased with the OPEC+ oil supply management since the beginning of the year, unhappy that high oil prices are…

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