IOC no longer accepts Russian, Kazakh crude on FOB basis: Report
- shahpurturkcsc
- Mar 1, 2022
- 1 min read
India’s top refiner Indian Oil Corp (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter.
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