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Story summary
- India’s major refiners chartered tankers to transit the Strait of Hormuz.
- Indian Oil Corp., Reliance, Bharat Petroleum and HPCL-Mittal bought Iraqi crude on FOB terms.
- Sinokor Group and Dynacom Tankers won tenders to supply the vessels.
- India’s Directorate General of Shipping eased its August advisory, now needing Indian seafarer consent for Hormuz trips.
- Kpler data showed India imported 1.3 million barrels per day in September, the highest since February.