{"id":259806,"date":"2019-02-19T06:20:49","date_gmt":"2019-02-19T06:20:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259806"},"modified":"2019-02-19T06:24:15","modified_gmt":"2019-02-19T06:24:15","slug":"ioc-signs-1-5-bn-deal-to-buy-us-crude-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-signs-1-5-bn-deal-to-buy-us-crude-oil\/","title":{"rendered":"IOC signs $1.5 bn deal to buy US crude oil"},"content":{"rendered":"<p>In the first-ever deal by an Indian company, Indian Oil Corp (IOC) Monday said it has signed an annual  deal worth USD 1.5 billion to import 3 million tonnes of crude oil  in the fiscal year beginning April 1.<\/p>\n<p> This is the first time any Indian refiner has signed an annual  contract since the country in 2017 began importing crude oil from the US.<\/p>\n<p> \u201cIOC has finalised a term contract for import of up to 3 million  tonnes of crude oil of US origin grades as a part of its strategy  to diversify term crude sources,\u201d the company said in a statement.<\/p>\n<p> The contract was finalised on February 15.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first-ever deal by an Indian company, Indian Oil Corp (IOC) Monday said it has signed an annual deal worth USD 1.5 billion to import 3 million tonnes of crude oil in the fiscal year beginning April 1. This is the first time any Indian refiner has signed an annual contract since the country in 2017 began importing crude oil from the US. \u201cIOC has finalised a term contract for import of up to 3 million tonnes of crude oil of US origin grades as a part of its strategy to diversify term crude sources,\u201d the company said in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,211,144],"tags":[],"class_list":["post-259806","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=259806"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259806\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}