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Iraq overtakes Russia as preferred crude supplier for Indian refiners in FY24

Iraq overtakes Russia as preferred crude supplier for Indian refiners in FY24
Iraq overtakes Russia as preferred crude supplier for Indian refiners in FY24

2024-05-07 15:20:07 - From: CHANNEL8


In the financial year 2023-2024 (FY24), the appeal of inexpensive Russian crude to Indian refiners waned as Russian discounts diminished and Iraq offered more competitive rates to regain traction in the Indian crude market, according to Indian government data.