India in talks with Guyana for long-term crude supply -minister
Reuters
1 hr ago
By Neil Marks and Nidhi Verma
GEORGETOWN/NEW DELHI, April 24 (Reuters) - India, the world's third-largest crude consumer and importer, has approached Guyana's government about a possible long-term deal to buy the South American country's oil, a Guyanese official said.
India has expressed interest in buying one of the 1 million-barrel cargoes Guyana's government is entitled to in order to test the crude in its refineries, according to Guyana's Natural Resources Minister Vickram Bharrat. If the crude is compatible, the parties could begin talks on a long-term arrangement.