Indian Oil Corporation Ltd. (IOC) Could India oil company be a part of this puzzle ? Soloution? Just partner with FEC/ CGX/ IOC and take a piece of this RealEstate to diversify your supply of oil.
India, the world’s third biggest oil importer and consumer, ships in more than 80% of its oil needs from overseas and relies heavily on the Middle East. The nation’s gas demand is expected to increase nearly 3-fold from 229 million metric tonnes in 2018 to 607 million metric tonnes in 2040.
Earlier this year, India asked state refiners to expedite the diversification of crude sources after the Organization of Petroleum Exporting Countries (OPEC+) and its allies failed to ease supply curbs, leading to a spike in global oil prices.
OilNOW understands that India continues to be in discussions with the Guyana government to secure a long-term arrangement for the purchase of the Liza crude.
Who knows ...... I guess we will find out very shortly.
Hold those Shares TIGHT ....GLTA.