World’s first ‘carbon-neutral oil’ shipped to India

Oxy Low Carbon Ventures (OLCV), a division of Occidental, has provided details of what it claims is the world’s first shipment of carbon-neutral. On January 28, 2m barrels of oil was delivered by Pantheon’s VLCC to Reliance Industries in India. This transaction, which was arranged in conjunction with Macquarie, is believed to be the energy …

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