Thursday 25 June 2015

NIGERIA DISPLACES S'ARABIA AS INDIA'S TOP OIL SUPPLIER

Group Managing Director, NNPC, Dr. Joseph DawhaNigeria, Africa’s top oil producer, last month overtook Saudi Arabia as India’s top oil supplier for the first time in at least four years, according to ship tracking data compiled.
 
Indian refiners are said to be switching from long-term contracts with Middle East suppliers to cheaper African crudes through spot market.
 

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