12:04 - 30.10.2025

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October 30, Fineko/abc.az. State-owned company Indian Oil plans to buy up to 24 million barrels of oil from North and South America in the 1st quarter of 2025 amid a possible reduction in supplies from Russia, ABC.AZ reports, referring to Bloomberg.

The company considers raw materials from the USA, Canada, Brazil and other countries in the region, choosing up to five suppliers. Since October 22, the IOC has not placed orders for Russian oil, but it does not plan to completely abandon it.