India to double crude oil import from Nigeria through term contracts in 2016

India plans to double its term import of crude oil from Nigeria in 2016 and may help build a refinery in Sudan and a petroleum hub in Mauritius as part of its growing engagement with African nations in the hydrocarbon sector.

“As a matter of policy, the present Indian government is keen to move towards a geographically diversified energy basket. This has resulted in India’s greater focus on Africa as a vital region for sourcing petroleum products in the coming years,”

oil minister Dharmendra Pradhan said at the two-day India-Africa Hydrocarbons Conference that began on January 21 and has attracted participation from 22 African countries . Read More…

 

India to double crude oil import from Nigeria through term contracts in 2016

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