Indian refiners Mangalore Refinery and Petrochemicals bought 1 million barrels of Oman crude via a tender, three trade sources said on Wednesday.The oil was bought at a premium of about $3 a barrel to the dated Brent contract, the sources said. One of them added that the seller was Mitsui & Co Energy Trading Singapore.ALSO READ | Indian Oil reassesses ₹33,000 crore Tamil Nadu refinery, eyes petrochemicals complexSeparately, state-run Indian Oil Corp, the country's biggest refiner by capacity, purchased four million barrels of West African crude, the sources said.The company bought Angolan Nemba, Saxi Batuque and Clov as well as Congo's Djeno crude, all from Chevron, the people said.The companies typically do not comment on commercial trades.
Indian refiners buy Middle East and West African crude, sources say
Indian refiners have stepped up crude oil purchases, with Mangalore Refinery and Petrochemicals buying 1 million barrels of Oman crude through a tender, according to trade sources. The cargo was purchased at a premium of about $3 a barrel over dated Brent, with Mitsui & Co Energy Trading Singapore identified as the seller.
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