Business Standard

Indian Oil Corp buys 4 million bbls of crude via tenders: Report

Indian Oil Corp, the country's top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.

Indian Oil Corporation, IOC

Reuters SINGAPORE

SINGAPORE (Reuters) - Indian Oil Corp, the country's top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.

The refiner bought 2 million barrels of Murban crude and another 2 million of West African crude, they added. It was not immediately clear which West African grades IOC had purchased.

The results came after IOC on Tuesday excluded several high-sulphur crude grades, including Russian Urals, from its tender.

In previous tenders, IOC bought 6 million barrels of Russian Urals for loading and delivery in May.

 

(Reporting by Florence Tan; Editing by Muralikumar Anantharaman)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 13 2022 | 10:19 AM IST

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