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HomeIndiaIndian Oil Corp seeks sour oil from spot market, trade sources say

Indian Oil Corp seeks sour oil from spot market, trade sources say

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SINGAPORE (Reuters) – Indian Oil Corp (IOC), the country’s top refiner by capacity, is seeking to buy high-sulphur oil through spot tenders, its first sour crude import tenders since March 2022, trade sources said on Thursday.

The company has also launched a separate tender seeking sweet crude, the sources said.

IOC is seeking cargoes loading March 1-15. The tenders close on Thursday with bids remaining valid until Friday, they said.

(Reporting by Florence Tan; Writing by Nidhi Verma; Editing by David Goodman)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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