In­dia to ex­port fuel to Pak­istan

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The In­dian Oil Corp (IOC) is con­sid­er­ing fuel ex­ports to Pak­istan af­ter ne­go­ti­a­tions on trad­ing of pe­tro­leum prod­ucts. New Delhi has agreed to ex­port fuel to Pak­istan and pro­vide a new mar­ket for the large re­finer­ies of Re­liance In­dus­tries and Es­sar Oil. The plan is wel­comed by Pak­istan, which is keen to im­port re­fined pe­tro­leum prod­ucts from across the bor­der to save costs.

Through an agree­ment with In­dia, the en­ergy needs of Pak­istan can be met un­der ideal con­di­tions of cost and re­sources. Of­fi­cial data re­veals that Pak­istan has 12 mil­lion tonnes of re­fin­ing ca­pac­ity which sat­is­fies only half of its an­nual re­quire­ments, while In­dia ex­ports about 25 per­cent of its 185 mil­lion tonnes re­fin­ing ca­pac­ity. Pak­istan can largely ben­e­fit from one of the key re­fin­ery play­ers in the in­ter­na­tional mar­ket. The plan has been dis­cussed be­tween the com­merce sec­re­taries of In­dia and Pak­istan

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