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India Feeds New Refinery With $1.2B In Colombian Crude

By Liz Hoffman (August 16, 2012, 4:55 PM EDT) -- India's Essar Oil Ltd. will buy 12 million barrels of oil from Colombia's Ecopetrol SA over the next year in a $1.2 billion deal to feed a recently expanded refinery with cheaper, heavier Latin American crude, the Bogota-based company said Wednesday....

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