New Delhi: Indian Oil Corp, the country's largest refiner, has purchased its first ever crude oil from the United States to be delivered in early October, a senior company official said on Monday.
IOC bought 1.6 million barrels of U.S. Mars crude and 400,000 barrels of Western Canadian Select that will be delivered onboard a Very Large Crude Carrier (VLCC), IOC's head of finance, A.K. Sharma, told Reuters.
PetroChina was awarded the tender to sell the cargoes, trade sources said.
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