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https://mundo.sputniknews.com/20210425/el-tercer-mayor-importador-del-petroleo-se-fija-en-america-del-sur-1111544529.html
The third largest importer of oil is fixed in South America
The third largest importer of oil is fixed in South America
India, the third largest consumer and importer of crude in the world, has approached the Government of Guyana about a possible long-term agreement to buy … 04.25.2021, Sputnik Mundo
2021-04-25T02: 27 + 0000
2021-04-25T02: 27 + 0000
2021-04-25T02: 27 + 0000
india
markets and finance
guyana
Petroleum
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As Reuters explains, New Delhi seeks to diversify its purchases. Its state refineries plan to buy 36% less oil than normal from Saudi Arabia in May. That is why the country is trying to exchange Saudi supplies with new origins like Guyana. The trend to buy less oil from Saudi Arabia is part of a larger tactic. For example, at the end of 2020 India cut imports from the Middle East, Africa and the United States, increasing its consumption of oil from Latin America and the Caspian Sea. In April 2021 the private Indian refinery HPCL-Mittal Energy bought the first shipment in Guyana – Today is the start of interstate contacts, Reuters stresses – Guyana has become the world’s newest energy hotspot after a consortium led by Exxon Mobil started producing light crude in the Stabroek offshore block at the end of 2019.
https://mundo.sputniknews.com/20201112/el-sector-petrolero-offshore-esta-experimentando-un-auge-en-sudamerica-1093471123.html
india
guyana
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2021
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Sputnik Mundo
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Sputnik Mundo
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india, markets and finance, guyana, oil
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India, the world’s third-largest consumer and importer of crude, has approached the Guyana government about a possible long-term deal to buy oil, according to Guyana’s Minister of Natural Resources Vickram Bharrat.
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As Reuters explains, New Delhi seeks to diversify its purchases. Its state refineries plan to buy 36% less oil than normal from Saudi Arabia in May. That is why the country is trying to exchange the Saudi supply with new origins like Guyana.
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The trend to buy less oil in Saudi Arabia is part of a larger tactic. For example, in late 2020 India cut imports from the Middle East, Africa and the United States, increasing its consumption of oil from Latin America and the Caspian Sea.
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November 12, 2020, 14:41 GMT
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In April 2021 the Indian private refinery HPCL-Mittal Energy purchased the first shipment in Guyana.
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Currently it is the beginning of interstate contacts, underlines Reuters.
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Guyana has become the world’s newest energy hotspot after a consortium led by Exxon Mobil began producing light crude on the Stabroek offshore block in late 2019.
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