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Indian Oil Corp Limited, India’s largest refiner, signed a 10-year long-term deal with TotalEnergies and ADNOC LNG to purchase 2 million metric tonnes per annum of LNG. TotalEnergies will supply up to 0.8 MMT LNG annually, marking their first long-term LNG contract in India. This move strengthens Indian Oil’s gas infrastructure. Additionally, Indian Oil and TotalEnergies have a joint venture named IndianOil Total Private Ltd (ITPL) since 2020, focusing on bitumen derivatives and specialty products for India’s road-building industry.
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Note: Note: The above-mentioned news was first published by us in our ProjectX India | 1st August 2023 edition.. To get this issue or our latest issue with full contact details, you can buy this issue by clicking here…
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