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Wednesday, Oct 16, 2019

Bharat Oman Refineries buys first US crude for November arrival: Report

Hindustan Petroleum Corp has also said it plans to buy US crude in the next few months.

business Updated: Sep 19, 2017 15:43 IST
Reuters
Reuters
Reuters, Singapore
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, US.
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, US. (REUTERS/FILE PHOTO)
         

India’s Bharat Oman Refineries Ltd (BORL) has bought, via tender, its first crude cargo from the United States, which will be delivered in November, two trade sources said on Tuesday.

Trafigura will deliver 1 million barrels of Mars crude from the US Gulf of Mexico to BORL on November 16 to 25, they said.

BORL is likely the third Indian oil refiner, after Indian Oil Corp and Bharat Petroleum Corp, to import US crude.

Hindustan Petroleum Corp has also said it plans to buy US crude in the next few months.

First Published: Sep 19, 2017 15:43 IST

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