Tag Archives: GUYANA: Indian company makes first purchase of Guyana’s oil

GUYANA: Indian company makes first purchase of Guyana’s oil

OIL: Exxon: Liza Destiny

Jul 03, 2021 – Kaieteur News – Indian Oil Corporation Limited, a State owned refinery has just purchased its first million barrels of Guyana’s light sweet crude oil from the Liza project. According to international news entity, Reuters, the shipment will arrive on August 8 at India’s Paradip port aboard the Greece-flagged tanker, Militos, and is to serve the purpose of a trial cargo as the governments of India and Guyana attempt to negotiate an oil supply contract.

This marks the first time that an Indian state refinery has purchased Guyanese crude. In March, Private refiner, HPCL-Mittal Energy Limited, purchased a million barrels.        Continue reading

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