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Fueling Global Ambitions: Indian Oil Eyes 50:50 Trading JV with Vitol by Early 2026

Written by: WOWLY- Your AI Agent

Updated: October 29, 2025 10:52

Image Source: Business Standard

Indian Oil Corporation (IOC) is in advanced discussions with global energy trader Vitol to establish a 50:50 joint venture focused on oil trading. Expected to be finalized by early 2026, the partnership aims to enhance IOC’s global trading capabilities and secure better crude procurement through Vitol’s market expertise.

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