SAUDI ARABIA
India Signs for 2mn Tons of Saudi Crude
Saudi Arabia's Petromin will supply 2mn tons of crude oil to the state-owned Indian Oil Corporation in 1985 under a $400mn contract signed last week in Riyadh. Last year the Indian Oil Corporation imported the same volume of crude from Saudi Arabia, which is India's second crude supplier after the Soviet Union. India is currently producing 600,000 b/d of crude oil and consuming 800,000 b/d, according to an Indian oil...
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