Story perspectives
India Secures 4 Million Barrels of Guyanese Crude Oil
10/20/2025
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Story summary
- Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) bought 4 million barrels of crude from Exxon Mobil, a major import from Guyana.
- IOC bought 2 million barrels of Golden Arrowhead, and HPCL bought 2 million barrels of Liza and Unity Gold.
- Deliveries are expected by late 2025 or early 2026 as India diversifies supplies and reduces reliance on Russian oil amid U.S. pressure.
