Indian Oil Corp agrees fuels deal for crisis-hit Sri Lanka

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 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.

–News Wire

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