IOC taps US equity oil, extra Saudi supplies to fill Iran void - Global News | Latest & Current News - Weather, Sports & Health News

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Indian Oil Corporation chairman Sanjiv Singh on Friday said the term contracts have been signed with Equinor (formerly Statoil) of Norway and Sontrach of Algeria for a total volume of 4.6 million tonne in 2019. According to US agencies, both companies have a stake in oil and gas fields in the US. This means that India has substituted Iranian supplies with US equity oil.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2w6YmmE

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