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IOC buys rare Russian Urals crude in tender -sources

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Reuters NEW DELHI/MOSCOW
Last Updated : Feb 29 2016 | 4:43 PM IST

NEW DELHI/MOSCOW (Reuters) - Indian Oil Corp has bought 1 million barrels of March-loading Urals crude via a tender in India's first purchase of this Russian grade in a year, two sources close to the matter said on Monday.

India last lifted a cargo of Russian Urals in February 2014, Thomson Reuters trade flows data showed.

(Reporting by Nidhi Verma in NEW DELHI, Olga Yagova in MOSCOW and Florence Tan in SINGAPORE)

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First Published: Feb 29 2016 | 4:33 PM IST

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