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Indian Oil Resumes Purchases of Russian Crude Within Quantity Limits

State-owned Indian Oil has restarted crude imports from Russia, adhering to previously agreed caps, according to sources.

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Terms & Concepts
  • Crude Oil Imports: The process of purchasing and bringing crude oil from foreign suppliers into a country for refining and consumption.
  • Quantity Limits: Predefined caps or maximum allowable amounts agreed upon between trading parties for commodity purchases.
  • State-Owned Enterprise (SOE): A company owned fully or partially by the government, often operating in strategic sectors such as energy.