Kuwait Petroleum renews crude oil supply contracts

Kuwait Petroleum renews crude oil supply contracts

Kuwait Petroleum Corporation (KPC) has renewed two crude oil supply contracts with India’s Bharat Petroleum Corporation Ltd (BPCL) and Bharat Oman Refineries Ltd (BORL) with a total value of USD 3.7 billion.
In a press statement issued, KPC described the contract signing as “a positive move” that would help increase bilateral trade exchange and Kuwait’s quota of India’s oil market.
It added that the three sides have also discussed prospects of future cooperation.

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