Indian Oil, Mangalore Refinery turn to Americas and Abu Dhabi crude as US sanctions hit
Indian Oil is looking to increase its oil supply from the Americas, while Mangalore Refinery and Petrochemicals is purchasing Abu Dhabi crude to replace Russian oil. Due to US sanctions, many Indian refiners have stopped buying Russian oil and are turning to the spot market for alternatives. Indian Oil has put out bids for 24 million barrels of oil