Profit

HPCL Makes Its First US Oil Purchase, Says Chairman

Earlier Indian Oil Corp and Bharat Petroleum Corp, both state refiners, had purchased the US oil through tenders.

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HPCL Makes Its First US Oil Purchase, Says Chairman

HPCL has bought 1 million barrels of Mars oil from trader Trafigura.


New Delhi: Indian state refiner Hindustan Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur 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 U.S. oil through tenders.

HPCL has bought 1 million barrels of Mars oil from trader Trafigura for delivery in December at the southern Indian port of Vizag, he said.
© Thomson Reuters 2017


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