India won’t buy oil from China

Due to increased tensions at the borders India has increased its strategic siege against China. After restricting the imports from China, Indian oil companies have now decided that they will stop buying crude oil from China. Bharat petroleum, Indian oil, Hindustan petroleum and Mangalore refinery are some of the companies which according to the new rules have revised that terms of import from China. Before this Aramco, a Saudi Arab company had broken its contract of words of few thousand crore dollars with China.

The Chinese companies from which Indian companies will stop buying crude oil include Petrochina and Unipec. Last month India had revised many rules relating to import. According to the new rules the government has made strict rules when it comes to the import from the neighbouring countries. although it is to be kept in mind that none of the Indian oil companies have made any official announcement regarding the same.

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