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Mauritius signs agreements to import oil products from India

Mauritius signs agreements to import oil products from India

- Mauritius said on Thursday that it had signed agreements with India's government to import oil products, saying they were part of a "long-term supply arrangement" though it did not disclose the volumes involved or other commercial and financial terms.

  • The agreements were signed during a visit by India's Oil Minister Hardeep Puri to the East African island nation, which is heavily dependent on imports and whose economy has taken a hit from the Iran war.

  • They include a government-to-government memorandum of understanding on oil and gas cooperation and a sales and purchase agreement with Indian Oil IOC.NS, the Mauritian government said in a statement.

  • The sales and purchase agreement covers the supply of oil products including petrol, diesel and aviation fuel.

  • Puri said Mauritius was the first country outside South Asia to have concluded such an agreement with an Indian public-sector oil company.


(Reporting by Jean Paul Arouff;
Writing by Vincent Mumo Nzilani;
Editing by Alexander Winning and Joe Bavier)

((Vincent.MumoNzilani@thomsonreuters.com))

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