India's IOC buys 3 million barrels of Iraqi crude via tender, trade sources say
26/10/2026 09:33
India's IOC buys 3 million barrels of Iraqi crude via tender, trade sources say SINGAPORE/NEW DELHI, Oct 26 (Reuters) - Indian Oil Corp, the country's largest refiner by capacity, has bought 3 million barrels of Iraqi crude for December delivery to Indian ports via a tender, multiple trade sources who participate in the market said on Monday.
Trafigura sold 1 million barrels of Basrah Heavy crude for delivery to Mundra at a discount of around $7.20 to November Dubai quotes on a delivered at place basis.
Totsa sold 2 million barrels of Basrah Medium crude for delivery to Paradip at a discount of about $2.25 to November Dubai quotes.
The companies typically do not comment on commercial trades.
(Reporting by Siyi Liu in Singapore and Nidhi Verma in New Delhi; Editing by Susan Fenton)
((siyi.liu@thomsonreuters.com;))
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