BPCL plans to buy US crude oil for first time via 1-million-barrel tender

Part 1 of the tender closes on July 11 and part 2 on July 14

Reuters Singapore

Last Updated : Jul 10 2017 | 5:31 PM IST

Indian refiner Bharat Petroleum Corp Ltd plans to buy its first ever cargo of crude oil from the United States, a tender document showed on Monday.

BPCL is seeking at least 1 million barrels of crude either for loading on Aug. 16-Sept.5 or delivery on Sept. 26-Oct. 15, it said.

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Part 1 of the tender closes on July 11 and part 2 on July 14. Offers will remain valid until July 14.

First Published: Jul 10 2017 | 9:43 AM IST