India’s HPCL buys 2 million bbl West African oil for Sept via tender, sources say


NEW DELHI/SINGAPORE, Aug 6 (Reuters) – India’s state-run Hindustan Petroleum ‌Corp has bought two ‌million barrels of West African oil ​through a tender for September delivery, two trade sources who participate in the market ‌said on ⁠Thursday.

HPCL has bought 1 million barrels each ⁠of Nigerian grades Forcadoes and Bonga from trader Shell ​for its ​300,000 ​barrels per day ‌Vizag refinery in the southern state of Andhara Pradesh, they said.

Pricing details were not immediately known.

Previosly, HPCL bought ‌two million barrels ​of oil from ​West Africa ​for its 180,000 ‌barrel-per-day (bpd) refinery in the ​desert ​state of Rajasthan.

The companies do not typically comment on ​their ‌trade.

(Reporting by Nidhi Verma ​and Siyi Liu; Editing ​by Clarence Fernandez)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *