Saudi Aramco offers heavy crude oil to IOC

Heavy crude oil has been offered to Indian Oil Corp Arab instead of Arab Light by Saudi Aramco following an attack on its oil facilities.

IOC will be receiving full allocated volumes from Saudi Aramco in September and October. However, Aramco has stated that they would give some volumes of Arab heavy instead of Arab mix oil. This indicates that Saudi is offering heavy grade instead of light as Arab Mix is a combination of Arab light and heavy.

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