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India's Largest Refiner IOC Setting Up Singapore Oil Unit

Megha Jain

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India's largest refiner Indian Oil Corp is setting up an office in Singapore that will handle crude oil purchases and the sales of oil products from its refineries later this year. IOCL Singapore - as the Singapore unit will be named - will initially have two staff to handle some of the crude purchases for its refineries. Singapore officet would eventually handle the trading of crude oil and refined fuels.