SINGAPORE/NEW DELHI: Indian state refiners Indian Oil Corp and Hindustan Petroleum Corp have together purchased about 7 million barrels of crude oil through tenders last week, trade sources said on Monday.Prices for the deals were not immediately available.IOC bought about 1 million barrels of Angola's Kissanje crude from Cathay Petroleum, the sources said. It also purchased 2 million barrels of Nigeria's Agbami and Usan crude from Trafigura, and a further 2 million barrels of Angola's Nemba and Dalia crude from Chevron.Also read: Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources sayThe cargoes are scheduled for delivery between late August and early September.Separately, HPCL bought 2 million barrels of Brazil's Tupi crude, the sources said. The cargoes are scheduled for delivery in August and September.The companies typically do not comment on their commercial sales.
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say
Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through recent tenders. Indian Oil acquired various grades from Angola and Nigeria, while HPCL purchased Brazilian Tupi crude. These significant purchases are slated for delivery between August and September, bolstering India's energy reserves.
137 words~1 min read
