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The Economic Times

Economy / The Economic Times

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Post-deal, Indian Oil Corp issues first tenders to lift oil, LPG from Hormuz ports

Indian Oil Corporation, India's top refiner, has issued tenders for ships. These vessels will transport liquefied petroleum gas and oil. The cargo will be lifted from ports located within the Strait of Hormuz. This marks the first such tender since a U.S.-Iran agreement. The company seeks to charter a VLGC, a Suezmax tanker, and a VLCC.

18 Jun 2026 11:55 pm