INDIA BUYS U.S. OIL
PLATTS - State-run Indian Oil Corp has signed its first US term crude oil deal, buying 6 million barrels, as the Asian buyer steps up efforts to devise an alternative buying strategy amid uncertainty about purchases from Iran because of US sanctions.
IOC's director of finance A.K. Sharma told S&P Global Platts that the volumes would be shipped in in three VLCCs -- one each for delivery in November, December and January.
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