Tag: crude oil transaction

Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan during a meeting at Qasr Al-Watan, in Abu Dhabi, Saturday, July 15.(PTI)
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First ever crude oil transaction in local currency occurs between India and UAE

 August 14, 2023  Leave a Comment on First ever crude oil transaction in local currency occurs between India and UAE

The first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system took place on Monday between Abu Dhabi National Oil Company (ADNOC)…

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