Indian refiners buy Middle East and West African crude, sources say

Mangalore Refinery and Petrochemicals

05/08/2026 09:22

NEW DELHI/SINGAPORE, Aug 5 (Reuters) - Indian refiners Mangalore Refinery and Petrochemicals MRPL.NS bought 1 million barrels of Oman crude via a tender, three trade sources said on Wednesday.
The oil was bought at a premium of about $3 a barrel to the dated Brent contract, the sources said. One of them added that the seller was Mitsui & Co Energy Trading Singapore.
Separately, state-run Indian Oil Corp IOC.NS, the country's biggest refiner by capacity, purchased four million barrels of West African crude, the sources said.   
The company bought Angolan Nemba, Saxi Batuque and Clov as well as Congo's Djeno crude, all from Chevron, the people said.  
The companies typically do not comment on commercial trades.

(Reporting by Nidhi Verma in New Delhi and Siyi Liu in Singapore
Editing by David Goodman)
((siyi.liu@thomsonreuters.com;))