(a) the details of countries with whom the Government have long term agreement for
supply of crude oil; and
(b) the price mechanism to be adopted to import the same?
(a) the details of countries with whom the Government have long term agreement for
supply of crude oil; and
(b) the price mechanism to be adopted to import the same?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI SANTOSH KUMAR GANGWAR)
(a): Public sector oil companies have entered into term contracts with the national oil companies ( NOCs) of Saudi Arabia, Kuwait, UAE, Malaysia and Libya for supply of crude oil during the current year.
(b): The price paid for crude oils under the term agreements are the Official Selling Prices of the respective crudes declared by the exporting NOCs from time to time.