Indian Refiners Pivot to Guyanese Oil ...Middle East

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Indian Refiners Pivot to Guyanese Oil
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Two Indian refiners have bought cargoes totaling 4 million barrels of Guyanese crude, Reuters has reported, citing unnamed trade sources who also said the oil will be delivered by the end of this year or the start of 2026. Each of the refiners—Indian Oil Corp. and Hindustan Petroleum—has bought a cargo of 2 million barrels from the Stabroek Block, which is the only producing deposit in Guyana at the moment, led by Exxon, in partnership with China’s CNOOC and Chevron, after the latter’s acquisition of Hess Corp. The news…

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