No crude-for-LPG swap deal with Japan, Indian official says

Source: Reuters (via feed)




India did not have a crude-for-LPG swap deal with Japan, an Indian government official said on Wednesday. The official cited rules which do not allow crude oil exports by New Delhi.

The statement addressed reports about a possible crude-for-LPG swap deal with Japan.

BizTrendWire Insight:

An Indian official confirmed no crude-for-LPG swap deal exists between India and Japan. The statement clarifies India’s export rules as cited by the government.


Read full story on Reuters

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