Indian Oil Corporation (IOC) has reportedly inked its first annual deal to buy up to 3 million tonnes or 60,000 barrels per day of US oil. The annual contract will begin from April.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.