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OIL: India Talks with Brazil for Increased Oil Imports

OIL
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India has discussed raising oil imports from Brazil in a meeting with the head of Petrobras, India's oil minister Hardeep Singh Puri said.

  • "We discussed steps to further enhance crude oil purchases between Petrobras and Indian energy companies and opportunities to collaborate in India and Brazil, especially in offshore deep/ ultra-deep-water exploration and production projects."
  • India's state-owned refiners are expecting improved term deals from negotiations with suppliers next year, according to a government official cited by Bloomberg earlier this week.
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India has discussed raising oil imports from Brazil in a meeting with the head of Petrobras, India's oil minister Hardeep Singh Puri said.

  • "We discussed steps to further enhance crude oil purchases between Petrobras and Indian energy companies and opportunities to collaborate in India and Brazil, especially in offshore deep/ ultra-deep-water exploration and production projects."
  • India's state-owned refiners are expecting improved term deals from negotiations with suppliers next year, according to a government official cited by Bloomberg earlier this week.