India seeking long-term oil supply contract with Canada: Minister

India is seeking a long-term oil supply contract with Canada, oil minister Veerappa Moily

RELATED ARTICLES

said on Monday.

In November, Indian Oil Corp, the country's largest refiner, became the first state refiner to buy Canadian oil, joining private refiners Reliance Industries and Essar Oil.

India's efforts to diversify oil sources have become more urgent as western sanctions over Teheran's nuclear programme squeeze imports from Iran, once India's second-biggest supplier. Supplies from Libya and Sudan have also been disrupted.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture