Indian Oil Corp buys four million barrels crude from Mideast, Africa via tender
Indian Oil Corp buys four million barrels crude from Mideast, Africa via tender SINGAPORE/NEW DELHI, Sept 16 (Reuters) - Indian Oil Corp IOC.NS bought 4 million barrels of crude from the Middle East and Africa for November arrival in a tender, trade sources said on Wednesday.
Following are the purchases:
1 million barrels of Iraqi Basrah Heavy from Trafigura at a premium of about $14 per barrel to the October Dubai benchmark.
1 million barrels of Libyan Sarir/Messla blend oil from Mercuria at a premium of about $23 per barrel to October dated Brent prices.
1 million barrels of Angolan Cabinda crude from Glencore GLEN.L at a premium of about $17 per barrel to October dated Brent prices
1 million barrels of Nigerian Utapate from Glencore at a premium of around $21 per barrel to October dated Brent prices, the people said.
The companies do not typically comment on their commercial trade.
(Reporting by Siyi Liu in Singapore and Nidhi Verma in New Delhi; Editing by Sonali Paul)
((siyi.liu@thomsonreuters.com;))
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