No. 55



ADNOC And IOC Sign 4Mn Ton Term Contract

The Abu Dhabi National Oil Company (ADNOC) will supply up to 4mn tons of crude oil over a 12-month period to India under a deal signed in Abu Dhabi at the end of September, according to the Indian Embassy in Abu Dhabi. Under the deal, which covers India's fiscal year starting on 1 April, the Indian Oil Corporation (IOC) will lift 3mn tons with an option for a further 1mn tons. The Indian Embassy also revealed...