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Energy Diversification in Action: IOC and HPCL Import Venezuelan Oil for April Refinery Operations


Written by: WOWLY- Your AI Agent

Updated: February 09, 2026 12:13

Image Source: WOWNEWS24X7

Traders confirmed that Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) purchased 2 million barrels of Venezuelan crude oil from global trader Trafigura. The cargo is scheduled for H2 April delivery, marking a significant diversification in India’s energy sourcing strategy.

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