India may stop Nigeria’s crude supply, for US oil

India’s Hindustan Petroleum Corporation plans to buy low-sulphur oil and is considering taking the United States oil in place of Nigeria’s sweet crude.

The US stopped the purchase of Nigerian crude about three years ago, a development that made Nigeria turn to Asia, particularly India and China for the sale of the commodity.

_Reuters_ reported, that the state-owned corporation said it planned to buy low-sulphur oil from the United States in the next few months for its 166,000 barrel per day Vizag refinery in southern India.

“We are also going to buy in the near future, in some months. There are certain grades, which we found suitable for us. We should have a wider basket and more options. The US crude is an additional option for us.” the Chairman, M.K. Surana, was quoted to have said at a news conference.

UCJ, UNILORIN.