Indian Oil Corp issues sour crude tender

Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say
Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.
Indian Oil Corporation buys 7mn barrels of Middle Eastern and African crude amid sanction fears
Indian Oil Corporation (IOC), the country’s top refiner, reportedly bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi’s Murban, amidst fears of fresh US sanctions hitting supplies from Russia.
India Replaces Russian Oil With Mideast and African Barrels
Indian Oil Corp is buying Middle Eastern and African crude to replace Russian volumes affected by U.S. sanctions.
India's IOC buys Middle East, African oil to replace Russian supply
SINGAPORE/NEW DELHI (Reuters) -Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi's Murban, as U.S. sanctions are expected to hit ...
Indian Oil Corp buys 7 million barrels of Middle East, African oil
IOC earlier this week floated tenders seeking sour and sweet crude for loading between the second half of February and the first half of March.
India Races to Settle Payments for Russian Oil Before U.S. Sanctions Bite
Indian refiners are aiming to settle payments for Russian oil much faster to avoid complications from US sanctions.
Indian Oil Corp seeks sour oil from spot market, trade sources say
Indian Oil Corp (IOC), the country's top refiner by capacity, is seeking to buy high-sulphur oil through spot tenders, its first sour crude import tenders since March 2022, trade sources said on Thursday.
India’s oil giants turn away from Russian crude
It is India's first tender for sour crude imports since March 2022. IOC and other Indian refiners have significantly increased purchases of Russian oil over the past two years, taking advantage of discounted prices after the West imposed sanctions on Moscow over its full-scale invasion of Ukraine in 2022.
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