Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say SINGAPORE/NEW DELHI, July 6 (Reuters) - Indian state refiners Indian Oil Corp IOC.NS and Hindustan Petroleum Corp HPCL.NS have together purchased about 7 million barrels of crude oil through tenders last week, trade sources said on Monday.
Prices for the deals were not immediately available.
IOC bought about 1 million barrels of Angola's Kissanje crude from Cathay Petroleum, the sources said. It also purchased 2 million barrels of Nigeria's Agbami and Usan crude from Trafigura, and a further 2 million barrels of Angola's Nemba and Dalia crude from Chevron.
The cargoes are scheduled for delivery between late August and early September.
Separately, HPCL bought 2 million barrels of Brazil's Tupi crude, the sources said. The cargoes are scheduled for delivery in August and September.
The companies typically do not comment on their commercial sales.
(Reporting by Siyi Liu in Singapore and Nidhi Verma in New Delhi; Editing by Diti Pujara)
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