HPCL buys West Africa crude for Rajasthan refinery, sources say
Hindustan Petroleum Corp has purchased two million barrels of West African crude oil. This significant purchase is destined for its Rajasthan refinery, which operates at 180,000 barrels daily. The Nigerian Okwuibome and Utapate crude was acquired ...
By Reuters |
NEW DELHI/SINGAPORE - India's Hindustan Petroleum Corp has bought two million barrels of oil from West Africa via a tender for its 180,000 barrel-per-day (bpd) refinery in the desert state of Rajasthan, trade sources said on Tuesday.
HPCL bought Nigeria's Okwuibome and Utapate crude from trader Glencore for HPCL Rajasthan Refinery Ltd (HRRL), the people said. The oil will arrive in late September.
The price for the deal was not immediately clear.
The companies do not typically comment on their trades.
HPCL has a 74% stake in HRRL while the Rajasthan government owns the rest.
HPCL bought Nigeria's Okwuibome and Utapate crude from trader Glencore for HPCL Rajasthan Refinery Ltd (HRRL), the people said. The oil will arrive in late September.
The price for the deal was not immediately clear.
The companies do not typically comment on their trades.
HPCL has a 74% stake in HRRL while the Rajasthan government owns the rest.
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