India's top refiner charters VLCC to load oil from Iraq, sources say
India's top refiner charters VLCC to load oil from Iraq, sources say By Nidhi Verma
NEW DELHI, July 7 (Reuters) - Indian Oil Corp IOC.NS, the country's top refiner, has chartered a very large crude carrier (VLCC) to load Iraqi oil from Basrah Oil Terminal later this month after a partial reopening of the Strait of Hormuz, three shipping sources said.
State-owned IOC will be lifting 2 million barrels of Iraqi oil in the VLCC Lila Jamnagar around July 23, they said.
The crude will be delivered at eastern India ports of Paradip and Chennai, they said.
Indian state refiners, which mostly lift Iraqi oil on a free on board basis, had almost halted purchase of Iraqi oil due to the effective closure of the Strait of Hormuz after U.S.-Israeli attacks on Iran.
IOC did not immediately respond to an email seeking comment sent outside working hours.
(Reporting by Nidhi Verma; Editing by Joe Bavier)
((nidhi.verma@thomsonreuters.com; X: @nidhi712;))
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