Mauritius and India Sign Long-Term Oil Supply Pacts
Mauritius signed long-term oil import deals with India, including a pact with Indian Oil, during a visit by India's Oil Minister.
Mauritius has entered into long-term agreements with India for the supply of oil products, marking a significant step in bilateral energy cooperation. The deals were finalized during a visit by India's Oil Minister, Hardeep Puri, to the island nation.
The Mauritian government announced on Thursday that the agreements include a government-to-government memorandum of understanding on oil and gas cooperation, as well as a sales and purchase agreement with Indian Oil, India's state-owned petroleum company. The latter covers the supply of petrol, diesel, and aviation fuel.
While the government described the arrangement as a "long-term supply arrangement," it did not disclose the volumes involved or other commercial and financial terms.
Minister Puri noted that Mauritius is the first country outside South Asia to conclude such an agreement with an Indian public-sector oil company. The move comes as Mauritius, heavily reliant on imports, faces economic strain from the ongoing Iran war, which has disrupted global energy markets.