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Oil India signs crude sales agreement with Numaligarh Refinery


Oil India signs crude sales agreement with Numaligarh Refinery


India's second-largest national oil explorer Oil India Ltd (OIL), signed an agreement with Numaligarh Refinery for purchase and sale of crude oil for a term of five years.

The agreement was signed by the finance directors of the two companies.

The Crude Oil Sales Agreement (COSA) will come in effect from 1 April 2020 to 31 March 2025.

The agreement will streamline the sale and purchase transactions of crude oil produced from fields in North East India.

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