IOC buys rare Russian Urals crude in tender -sources

Explore Business Standard

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)
First Published: Feb 29 2016 | 4:33 PM IST