India's IOC in term deal for 1.5 mln T Angolan crude

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

28 Jun 2008

State-run Indian Oil Corp (IOC) has signed a term contract with Angolan state oil company Sonangol to buy 1.5 million tonnes of crude oil from August to March, a company source told Reuters. "We have signed the agreement. It will be 1 VLCC a month but we may skip one or two months in between," the official said on Friday.



Source: Reuters