Oil PSUs will import 28.5m tonnes crude in 2002-03

Vol 6, PW 5 (08 May 02) News in Brief

Country/company Term volume Saudi Arabia 9.7 Kuwait 7.5 Abu Dhabi 3.5 Nigeria 1.5 Malaysia 2.0 Libya 1.0 Yemen 2.3 British Petroleum 1.0 Total 28.5 This year Indian Oil, Bharat and Hindustan Petroleum will together import 28.5m tonnes of crude oil through term contracts.

This is the first time Hindustan and Bharat Petroleum are importing crude oil independent of Indian Oil. Breakdown of term imports of crude oil planned for 2002-03 (figures in million tonnes)