India may benefit from US lifting ban on oil exports

20-Dec-2015 #India-US Source: The Times of India
The US is set to lift a four-decade ban on export of oil, a move that may benefit India by giving them an option to purchase crude from non-Middle Eastern nations. Nicholas K Akins, chairman, president and CEO of American Electric Power Company said that the US, presently, is the world’s number one oil producer and removing this export restriction will strengthen its strategic position in global energy markets.
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