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Indian Oil, HPCL Buy 7M Barrels of Crude via Tenders

SINGAPORE/NEW DELHI, July 6 (Reuters) - Indian state refiners Indian Oil Corp and Hindustan ​Petroleum Corp have together purchased ‌about 7 million barrels of crude oil through tenders last week, trade sources ​said on Monday.

Prices for the ​deals were not immediately available.

IOC ⁠bought about 1 million barrels ​of Angola's Kissanje crude from Cathay ​Petroleum, the sources said. It also purchased 2 million barrels of Nigeria's Agbami ​and Usan crude from Trafigura, ​and a further 2 million barrels of Angola's ‌Nemba ⁠and Dalia crude from Chevron.

The cargoes are scheduled for delivery between late August and early September.

Separately, ​HPCL bought ​2 ⁠million barrels of Brazil's Tupi crude, the sources ​said. The cargoes are scheduled ​for ⁠delivery in August and September.

The companies typically do not comment on ⁠their ​commercial sales.

Reporting by ​Siyi Liu in Singapore and Nidhi Verma in ​New Delhi; Editing by Diti Pujara

Source: Reuters


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