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IndianOil to use derivatives

IndianOil has become the first public sector oil company in India to start risk management operations – the company plans to begin paper trading of crude oil from the end of January, having signed International Swaps Dealers Association agreements with BP, BNP-Paribas, Citibank and Vitol – its ultimate target is 20 Isda counterparties.

The company plans to use derivative transactions to reduce

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