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Indian Oil Not To Accept Russian Crude On Free On Board Basis: Report
28 Feb 2022, 07:45 PM IST 
Indian Oil will not accept Russian crude on free on board basis owing to insurance risk
Indian Oil Corporation (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter.
