Friday 22 June 2018

India refiners in talks with Iraqi oil firm on strategic reserves

State refiners Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) are holding talks with Iraq's national oil company to buy 4 million barrels of Basra light crude oil for India's strategic petroleum reserves (SPRs), three source


India's Iran oil imports drop 75pc in July

India's imports of Iranian crude plunged by three quarters in July from June, tanker arrival data obtained by Reuters showed, as the country's only active importer in the past two months curbed buying. The cut in Essar Oil


India's HPCL to buy 40,000 bpd of Basra

Hindustan Petroleum Corp will buy up to 40,000 barrels per day (bpd) of Basra light oil from France's Total at a discount to the official selling price, said a source at the Indian firm. &


India HPCL may cut Iran oil imports

India's HPCL may buy 2.8 million tonnes of crude from Iran in 2012/13, a little less than the three million tonnes of a year earlier, its chairman said on Wednesday, citing business reasons rather than the impact of sanctions on Tehran.

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