Indian Oil signs five-year deal to supply petroleum products to Mauritius

Indian Oil Corp Ltd, a state-owned refinery and oil marketing company, has entered into a five-year agreement with the State Trading Corporation of Mauritius to supply petrol, diesel, and jet fuel to the island nation. The government of India has also signed a memorandum of understanding (MoU) with the Mauritius government for cooperation in the oil and gas sector.

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, expressed his delight at the landmark MoU, stating that it will provide long-term supply certainty, greater price stability, and enhanced energy security for Mauritius. This agreement reflects India's commitment as a reliable energy partner, building on a partnership that began in 2001 when Indian Oil started supplying petroleum products to Mauritius through Indian Oil Mauritius Limited.

With a refining capacity of around 258 million tonnes, India is the world's fourth-largest refiner and a major exporter of petroleum products, supplying fuel to various nations and regions, including Bangladesh, Nepal, Bhutan, southeast Asia, and Europe. The government aims to increase national refining capacity to over 309 million tonnes per year by 2032.