Indian state refiners buy 4 million bbls African oil via tenders; traders say (updated)

Hindustan Petroleum

24/08/2026 14:24

Adds tender issue by HPCL
NEW DELHI/SINGAPORE, Aug 24 (Reuters) - Two Indian state refiners have purchased 4 million barrels of African oil via spot tenders, trade sources said on Monday.
Hindustan Petroleum Corp Ltd HPCL.NS has bought a million barrels each of Angola's Hungo and Olombendo grades from Exxon XOM.N and Italy's Eni ENI.MI for October 15-25 delivery, the sources said.
Mangalore Refinery and Petrochemicals Ltd MRPL.NS has bought one million barrels each of Angola's Plutonio and Gabon's Mandji oil from trader Glencore GLEN.L for delivery over October 25 to November 3, the sources said.
The pricing details for the two deals done on a delivered basis were not immediately available.
Indian Oil Corp IOC.NS did not award its tender to buy oil.
Separately, IOC is seeking delivery of 2 million barrels of Venezuelan Merey oil for October arrival, the sources added.
HPCL has issued a tender seeking light sweet oil for 180,000 barrels per day Rajasthan refinery, a trade source said.
The tender for delivery of oil in end-October to November will close on Tuesday with bids remaining valid untill Wednesday, this source said.
Companies do not typically comment on spot tenders.


 (Reporting by Nidhi Verma and Siyi Liu; Editing by Kirsten Donovan)
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