(Corrects India's first purchase of this Russian grade to one year, not two years in lead)
NEW DELHI/MOSCOW (Reuters) - Indian Oil Corp has bought 1 million barrels of March-loading Urals crude via a tender in India's first purchase of this Russian grade in a year, two sources close to the matter said on Monday.
India last lifted a cargo of Russian Urals in February 2014, Thomson Reuters trade flows data showed.
(Reporting by Nidhi Verma in NEW DELHI, Olga Yagova in MOSCOW and Florence Tan in SINGAPORE)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
