India Seeks Crude, Gas From Persian Gulf

Bloomberg reported that India is seeking additional volumes of oil and natural gas from Persian Gulf suppliers.

As quoted in the market news:

India is boosting energy imports as the country builds refineries and petrochemical plants to meet domestic and international fuel demand. The country’s oil refining capacity may rise to 232 million metric tons in 2012 from 193 million tons this year, according to the minister.

Click here to read the full Bloomberg report.