June 13, 2024


Make Every Business

India state-owned refiners halt oil imports from Chinese companies: Report

Indian state refiners have stopped getting crude oil from China-connected corporations, three resources reported, after New Delhi’s latest regulation aimed at limiting imports from international locations that it shares a border with.

The new regulation, put in area on July 23, comes after a border clash in between India and China that killed twenty Indians and soured relations in between the two neighbours.

Final 7 days, Indian state refiners determined to quit sending crude import tenders to Chinese trading firm like CNOOC, Unipec and PetroChina, among many others, a person of the resources reported.

Condition refiners Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, Mangalore Refinery and Petrochemical did not promptly answer to requests for remark.

CNOOC, PetroChina and Unipec parent Sinopec also did not promptly answer to requests for remark.