"AFrika Business"India is resorting to African oil as an alternative to American crude

& quot, Indian Oil & quot;, the largest government oil refining company in India, during the past weeks, amended its strategy in buying crude oil, avoiding American shipments for the benefit of crude from West Africa and the Middle East, in a move that reflects geopolitical considerations and realistic goals related to Indian energy security. & quot; France of Africa & quot; Specialized in African affairs, the company bought two million barrels of western African crude, and a million barrels of Middle East crude, continuing a new pattern in its imports. And & quot; Osan & quot; Nigerians from the company & quot; French Total Enemz & quot;, along with a million barrels of ore & quot; Das & quot; The Emirati from Shell, which is expected to arrive between late October and early November. Especially in light of India’s position as a major oil importer, since 2022 it has benefited from the purchase of Russian oil at reduced prices after the outbreak of the Russian -Ukrainian war, which provided it with protection from the shocks of global energy prices and avoid Western sanctions. Its imports from Russia, where the state -owned companies stopped buying Russian crude since late July, especially after Trump imposed additional customs duties of up to 50% on Indian imports to the United States. Benefiting from the rise in Indian demand, which contributes to stabilizing the revenues of their exports at a time when it witnesses a strong global competition for the markets.

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