Indian refiner Hindustan Petroleum Corp Ltd (HPCL), a state-owned company, has issued a tender demanding crude for June loading after a gap period of four-month gap, IndiaMart reported.
The refiner is demanding 1-million barrels of sweet crude for loading on June 18-20. On April 18, the part one of the tender will close and the price offers are due on April 19. The offers will stay valid till April 20.
HPCL last acquired 1.95-million barrels of Nigerian Brass River and Azeri Light for January-February loading during December.
Moreover, India has got the potential to import nearly 8% more oil or minimum 260,000 barrels per day (bpd) in the next fiscal year since the Bathinda refinery has now become completely functional and Essar Oil has added more capacity, although imports from Iran will decline.
The refiner is demanding 1-million barrels of sweet crude for loading on June 18-20. On April 18, the part one of the tender will close and the price offers are due on April 19. The offers will stay valid till April 20.
HPCL last acquired 1.95-million barrels of Nigerian Brass River and Azeri Light for January-February loading during December.
Moreover, India has got the potential to import nearly 8% more oil or minimum 260,000 barrels per day (bpd) in the next fiscal year since the Bathinda refinery has now become completely functional and Essar Oil has added more capacity, although imports from Iran will decline.