India's state refineries are increasingly relying on Nigerian crude oil to satisfy their supply requirements, signaling a significant change in global energy trading patterns.
More than two million barrels of Nigerian oil are projected to arrive in India between September and October 2025, as political pressure from the US forces the South Asian country to reduce its imports from Russia.
According to industry insiders, the Indian Oil Corporation (IOC) recently purchased one million barrels of Nigerian Agbami oil for September delivery through a tender awarded to the global trading firm Trafigura.
More than two million barrels of Nigerian oil are projected to arrive in India between September and October 2025, as political pressure from the US forces the South Asian country to reduce its imports from Russia.
According to industry insiders, the Indian Oil Corporation (IOC) recently purchased one million barrels of Nigerian Agbami oil for September delivery through a tender awarded to the global trading firm Trafigura.
Nigeria's acquisitions signal an increase in sales to Asia, a sector long dominated by Middle Eastern oil producers.
Nigerian crude grades, recognized for their low sulfur content, are ideal for India's refineries, which generate vast amounts of gasoline and diesel for domestic and export markets.
Credit: Business Insider Africa
Nigerian crude grades, recognized for their low sulfur content, are ideal for India's refineries, which generate vast amounts of gasoline and diesel for domestic and export markets.
Credit: Business Insider Africa
