Indian Refiners Pivot 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.
- Two Indian refiners have bought cargoes totaling 4 million barrels of Guyanese crude.
- The oil will be delivered by the end of this year or the start of 2026.
Indian refiners are shifting their oil import strategy amidst geopolitical pressures.
Irina, a writer for Oilprice.com, reports on the oil and gas industry with over a decade of experience.
Author's summary: India buys Guyanese oil amidst geopolitical changes.