India: Government in talks for long-term Namibian crude contracts
India, the world’s third biggest oil importer, is looking to secure a long-term crude oil supply deal from Namibia, which is being hailed for one of the world’s largest oil finds in recent years, said two people aware of the development. This is part of India’s aggressive energy-sourcing diversification playbook. India’s plan of charting new geography to meet its energy needs comes against the backdrop of French energy majors TotalEnergies and Shell Plc making “giant” oil discoveries. India has been trying to diversify its energy supplies with Indian Oil Corp. ...
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