Advertisement

Indian Oil Corporation removes Russian Urals from latest tender: Report

IOC has informed market participants that Urals crude were no longer on the list of grades under its latest tender

Agencies | Updated on: Tuesday, April 12, 2022, 01:58 PM IST

IOC imports crude for itself and on behalf of its Chennai Petroleum  subsidiary.
 / Representative image | Photo credit: IANS
IOC imports crude for itself and on behalf of its Chennai Petroleum subsidiary. / Representative image | Photo credit: IANS
Advertisement

Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender, trade sources said on Tuesday, Reuters report said, citing sources.

IOC has informed market participants that Das, Eugene Island, Thunder Horse and Urals crude were no longer on the list of grades under its latest tender, which closes on Tuesday, the sources said.

IOC imports crude for itself and on behalf of its Chennai Petroleum subsidiary.

(With inputs from Reuters)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Tuesday, April 12, 2022, 01:54 PM IST