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Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

Indian Oil Corp (IOC) will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said

Indian Oil Corporation, IOC
Reuters New Delhi
1 min read Last Updated : Mar 03 2022 | 5:21 PM IST

Indian Oil Corp (IOC), the country's top refiner and fuel retailer, will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said in a statement to Reuters.

IOC said it will supply gasoil, gasoline and jet fuel to Sri Lanka over the next 4-5 months.

"The supplies shall be made under a $500 million line of credit extended by the government of India to Sri Lanka for purchase of fuels," it said.

 

(Reporting by Nidhi Verma; Editing by David Goodman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Indian Oil Corpsri lanka

First Published: Mar 03 2022 | 5:18 PM IST

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