India, Mauritius Sign 5-Year Fuel Deal As IOC To Supply Entire Petrol, Diesel And ATF Imports
India and Mauritius have strengthened their energy partnership with a five-year agreement under which Indian Oil Corporation (IOC) will supply Mauritius with its entire import requirement of petrol, diesel and aviation turbine fuel (ATF). The agreement between IOC and Mauritius' State Trading Corporation (STC) was exchanged during Petroleum Minister Hardeep Singh Puri's August 20-21 visit to the…
India and Mauritius have signed a five-year agreement under which Indian Oil Corporation (IOC) will supply the entire import requirement of petrol, diesel, and aviation turbine fuel (ATF) to Mauritius. The deal, signed during Petroleum Minister Hardeep Singh Puri's visit to Mauritius, aims to ensure predictable fuel supplies for Mauritius and reduce its exposure to global energy market volatility.
The agreement is the first long-term overseas supply arrangement concluded by an Indian public-sector oil marketing company outside South Asia in recent years. Additionally, India and Mauritius have exchanged a government-to-government memorandum of understanding covering wider cooperation in oil and gas, including petroleum product supplies, technical training, capacity building, and collaboration on biofuels.
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