HPCL makes its first U.S. oil purchase: chairman

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Reuters NEW DELHI
Last Updated : Sep 25 2017 | 5:57 PM IST

NEW DELHI (Reuters) - Indian state refiner Hindustan Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crude Mars in a tender, company chairman M. K. Surana said on Monday.

Earlier Indian Oil Corp and Bharat Petroleum Corp, both state refiners, had purchased the U.S. oil through tenders.

HPCL has bought 1 million barrels of Mars oil from trader Trafigura for delivery in December at the southern Indian port of Vizag, he said.

(Reporting by Nidhi Verma)

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First Published: Sep 25 2017 | 5:50 PM IST

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