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flag BPCL, an Indian oil refiner, is buying more Middle Eastern crude to replace a shortfall in cheaper Russian oil.

flag Indian refiner Bharat Petroleum Corp (BPCL) is buying more Middle Eastern crude oil to make up for a drop in cheaper Russian oil supplies. flag BPCL's finance head, Vetsa Ramakrishna Gupta, says the company is facing a shortfall of around 8-10 million barrels of Russian crude for January. flag BPCL plans to invest $19.94 billion by 2028, with half financed by debt, and is also exploring U.S. WTI crude as an alternative.

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