Indian Oil signs fuel supply deal with Mauritius
Indian Oil signs fuel supply deal with Mauritius Aug 20 (Reuters) - Indian Oil Corporation IOC.NS on Thursday said it had signed a multi-year fuel supply agreement with Mauritius' State Trading Corporation, deepening energy ties between the two countries and securing an export outlet for India's largest refiner.
The agreement, backed by both governments, underscores India's push to expand its energy footprint in the Indian Ocean region as it competes with China for influence among island nations.
IOC said on X the agreement covers a five-year supply of petroleum products to the Mauritian state buyer and forms part of a government-to-government memorandum of understanding on cooperation in petroleum and gas, biofuels, sustainability and other emerging energy areas.
(Reporting by Anuran Sadhu in Bengaluru; Editing by Shreya Biswas)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
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