30 Oct 2025 | 5 Mins Read
Indian Oil issues tender for 24 million American oil barrels
Flipitmoney
Indian Oil, the country's largest refiner, invited initial bids for 24 million barrels of oil from the Americas for Q1 2026. The move is part of contingency planning after the US imposed sanctions on Russia's top oil producers. This tender is to gauge market interest in case India needs to buy oil from the Americas, replacing Russian oil previously imported.