https://www.taxtmi.com/news?id=31422 Government energy procurement policy prioritises purchasing the most economically priced crude, including continued purchases from Russia when discounted, using market based sourcing through long term and spot contracts procured by competitive tenders; payment terms are generally dollar denominated with potential for local currency arrangements. Separately, the planned large single refinery project at Ratnagiri is viewed as commercially unviable at its proposed scale and is being reconsidered in favour of multiple smaller refineries, while national refining capacity expansion plans remain underway with possible international partnerships. en-us Fri, 24 Jan 2025 21:46:03 +0530 Fri, 24 Jan 2025 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31422 Government energy procurement policy prioritises purchasing the most economically priced crude, including continued purchases from Russia when discounted, using market based sourcing through long term and spot contracts procured by competitive tenders; payment terms are generally dollar denominated with potential for local currency arrangements. Separately, the planned large single refinery project at Ratnagiri is viewed as commercially unviable at its proposed scale and is being reconsidered in favour of multiple smaller refineries, while national refining capacity expansion plans remain underway with possible international partnerships. News - Fri, 24 Jan 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=31422