India, the world's third-biggest oil importer buys over 85 per cent of its oil needs from overseas. Indian refiners are investing billions of dollars to upgrade their plants to meet rising fuel demand in Asia's third-largest economy.
New Delhi [India], July 19 (ANI): India has denied media reports that Russia is seeking payments in United Arab Emirates Dirhams for oil exports to some Indian refiners.
Beijing [China], May 4 (ANI): At a time when Western countries are mulling an embargo on Russian oil amid its military operations in Ukraine, China's independent refiners are discreetly buying Russian oil at steep discounts.
New Delhi [India], February 6 (ANI/NewsVoir): Kundan Care Products Ltd, one of India's largest gold refiners, today proudly announced its empanelment under Multi Commodity Exchange (MCX) for acceptance of MCX Good Delivery Norms for BIS Standard Gold at their platform.