Centre can look at crude swap option as Iran deadline looms
(WorldNews Business)

To get oil suppliers to revise their payment terms, India would have to negotiate hard and offer compelling trade-offs in a market where crude prices are soaring and moving fast towards the $100 per barrel mark. Deepak Mahurkar, partner and leader – oil & gas industry – PwC India, said while haggling for a better commercial term, India, which is a major consumer of oil, could look at providing storage facility, swap with crude from other countries and other such incentives for a deal. The two other aspects on which India usually bargains with global oil suppliers is credit period and the currency in which it trades with them. In the past, it was able to get an extension of...