India's HPCL makes its first US oil purchase
9/25/2017 8:10:03 AM
NEW DELHI (Reuters) — Indian state refiner Hindustan Petroleum Corp has made its first purchase of US oil, buying high sulfur crude Mars in a tender, company chairman M. K. Surana said on Monday.
Earlier Indian Oil Corp and Bharat Petroleum Corp, both state refiners, had purchased the US oil through tenders.
HPCL has bought 1 MMbbl of Mars oil from trader Trafigura for delivery in December at the southern Indian port of Vizag, he said.
Reporting by Nidhi Verma
Related News
- Climate Investment leads $27-MM Series B investment in Membrane Technology and Research (MTR) to scale its use in industrial applications
- Trump's shipping waiver does not boost oil flows within U.S.; fuel exports soar
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf
Comments