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The Economic Times

Economy / The Economic Times

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Indian Oil buys Angola, Brazil, UAE oil to replace Russian crude, sources say

Indian Oil Corp has secured 7 million barrels of oil for March loading, diversifying away from Russian supplies. The refiner is boosting imports from Brazil's Petrobras, Abu Dhabi, and Angola to replace Russian crude, signaling a strategic shift in its procurement strategy.

23 Jan 2026 12:04 pm