New Delhi, Aug. 13 -- India's state-run oil refiners are looking to crank up oil purchases from the UAE, Saudi Arabia and Iraq amid a standoff with the US over buying Russian oil, two people aware of the matter said.
India has traditionally relied on oil from West Asia, until Russia began offering steep discounts three years ago. Saudi Aramco and Abu Dhabi National Oil Co., the oil champions of Saudi Arabia and the UAE, are among West Asia's top crude oil producers and suppliers.
"Import of Russian oil will continue, but India is also looking at diversifying its imports, and higher supplies from West Asia are being looked at," one of the two people cited above said.
Queries sent to the Union petroleum ministry, Indian Oil Corp. Ltd, Bh...
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