IOC and three other refiners have sought just 65 per cent of the monthly average of about 15 million barrels from Saudi Arabia in May, three sources with knowledge of the matter said
Govt has told IOC, BPCL and HPCL to look for oil supplies from outside the Middle East region and use collective bargaining power to get favourable terms
India was among the many countries that expressed interest in hosting the Olympics with Sports Minister Kiren Rijiju saying earlier this week that a green signal from the Centre is yet to be given on the matter.
Finance Minister Nirmala Sitharaman in her Budget for fiscal year beginning April 1, announced monetisation of oil and gas pipeline assets of IOC, gas utility GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).
Speaking of Tokyo 2021, Bach reiterated his gratitude for the host's commitment and determination to organise the Games "in a safe and secure way for all the participants"
Olympic chief also pledged that the IOC would "undertake great efforts" to make sure as many participants and spectators as possible are vaccinated before arriving in Japan, if a vaccine is available
It was an agreement jointly made by the Beijing 2022 Organising Committee, Winter Olympic International Federations (IFs), International Olympic Committee (IOC) and International Paralympic Committee (IPC)