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Oil & Gas
India buys 4m barrels Nigerian crude amid US-Iran crisis
The Punch
Aug 7, 2026 · 01:27 WAT
India’s HPCL reportedly purchased 4 million barrels of Nigerian crude oil to secure supplies amid disruptions linked to the US-Iran crisis and wider Middle East tensions. The transaction highlights continued international demand for Nigerian crude and developments relevant to the country’s oil and gas sector.