India-Mauritius Energy Pacts: Oil and Gas Supply Deal
Why in the news
India and Mauritius concluded energy agreements covering oil and gas, including a supply contract for refined fuels.
Key facts
- Sector: oil and gas.
- Indian Oil Corporation (IOC) signed a 5-year agreement with Mauritius.
- Fuels covered: petrol, diesel and ATF (aviation turbine fuel), with assured supply.
- Aim: long-term energy security and closer bilateral ties.
Exam angle
- Indian company: Indian Oil Corporation.
- Duration of supply deal: five years.
- ATF stands for aviation turbine fuel.