VOL. XLV
No 19
13-May-2002
SUPPLY/DEMAND
Indias Crude Requirements After Deregulation
SinceIndia abandoned its Administered Price Mechanism (APM) on 1April, a major step in deregulating the countrys petroleum products market,two state-owned refiners have begun sourcing their own crude oil. Beforederegulation, the Indian Oil Corporation (IOC) bought crude on behalf of Indias mainly state-owned refiners, and only the private firm,Reliance Petroleum, sourced its own crude oil. Now BharatPetroleum...
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