Hormuz Fallout: Indian Oil Inks Algeria LPG Deal For 2027 Supplies To Cut Gulf Reliance
Indian Oil Corporation, India’s largest refiner, has finalised a deal with Algeria’s state energy company Sonatrach to import liquefied petroleum gas in 2027, according to a report. The agreement marks another step in India’s effort to diversify LPG supplies after disruptions around the Strait of Hormuz affected energy flows and forced the country to ration…