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Indian Oil buys its first Ecuadorean oil via tender, sources say
Reuters· 2026-01-14 07:31
Core Insights - Indian Oil Corp has purchased its first Ecuadorean Oriente crude cargo for delivery at the end of March, indicating a strategic move to diversify its oil sourcing [1] Group 1: Company Actions - The acquisition of Ecuadorean Oriente crude is part of Indian Oil Corp's strategy to expand its oil sourcing [1] - This move aims to partially replace some of its existing crude supplies, reflecting a proactive approach to securing energy resources [1]