Indian refiners buy West Asian and West African crude, sources say
Indian Oil Corp, the country’s biggest refiner by capacity, purchased four million barrels of West African crude, sources say
Three trade sources reported that Indian refiners Mangalore Refinery and Petrochemicals acquired 1 million barrels of Oman crude in a tender. This purchase was made at a $3 premium compared to the dated Brent contract, according to the sources. Mitsui & Co Energy Trading Singapore was identified as the seller. Additionally, state-owned Indian Oil Corp, the country's largest refiner by capacity, bought four million barrels of West African crude.
The company purchased Angolan Nemba, Saxi Batuque, and Clov crude, as well as Congo's Djeno crude, all sourced from Chevron. The companies typically do not disclose details about commercial trades, and any comments must be in English, written as full sentences, and devoid of abusive or personal language.
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