Guyana last week recorded its second ever shipment of oil to India when the one million barrels of crude left here for delivery to the state-owned Indian Oil Corp Ltd. The shipment is expected to arrive in India early next month.
The occurrence is being seen as the further consolidation of a new dimension in relations between Guyana and India and as a further step by India, the world’s third largest oil importer, to diversify its oil acquisitions away from a global market that has become mired in controversy.
Communication emanating from the Indian High Commission last week described the recent oil purchase as both a “concrete step in Indo-Guyana economic relations” and as an “important step in [India’s] diversification of crude sourcing.”
