Indian Oil renews supply deal with Essar

摘要

State-owned Indian Oil Corp. Ltd. (IOC) renewed an agreement for supply of 2 million tonnes/year of diesel, gasoline, kerosine, and jet fuel from privately owned Essar Oil Ltd.The products will come from Essar's 300,000 b/d Vadinar refinery, which is being expanded to 375,000 b/d by March 2012 and to 405,000 b/d by September 2012.The agreement, covering 2012-15, entitles Essar to buy products from IOC and allows the firms to share distribution facilities.