Indian State Refiners Discuss Term Oil Supply Deals With Russia’s Rosneft ...Middle East

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Indian State Refiners Discuss Term Oil Supply Deals With Russia’s Rosneft
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India’s state oil refiners are negotiating term deliveries from Russia’s Rosneft of about 500,000 barrels per day (bpd) of crude, sources with knowledge of the discussions told Bloomberg on Friday.  Talks, however, have been dragging on for weeks as India’s giant state refiners Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum demand clauses that would protect them in case issues with payments delay crude cargo deliveries, according to Bloomberg’s sources. Indian refiners, which have become…

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