Indian Oil agrees 2027 LPG deal with Algeria
Indian Oil Corporation has finalized an agreement with Algeria to import liquefied petroleum gas through 2027. The move diversifies supply sources away from the Middle East following recent disruptions in energy flows.
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INDIAN OIL CORP LTD has finalized a term deal with Algeria’s Sonatrach to import 45,000 to 55,000 metric tons of LPG monthly starting in 2027. The agreement diversifies supply away from the Middle East after recent regional blockades disrupted energy flows to India's domestic market. Securing non-Middle Eastern term volumes helps state refiners stabilize cooking gas availability following enforced supply rationing.
