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Bharat Petroleum makes its first US oil purchase, buys Mars, Poseidon

BPCL has bought a cargo containing 500,000 barrels each of Mars and Poseidon for delivery

Reuters  |  New Delhi 

Bharat Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crudes Mars and Poseidon in a tender, its head of refineries R. Ramachandran said. BPCL is the second Indian refiner to buy U.S. Gulf crude after Prime Minister Narendra Modi's visit to Washington last month when President Donald Trump said the United States looked forward to exporting more energy products to the world's third-biggest oil buyer. BPCL has bought a cargo containing 500,000 barrels each of Mars and Poseidon for delivery from Sept. 26 to Oct. 10. Ramachandran said the ...

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First Published: Mon, July 17 2017. 01:30 IST
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