Which Indian state refiners purchased crude oil via tenders, and how much did they buy collectively?

Indian state refiners Indian Oil Corp (IOC.NS) and Hindustan Petroleum Corp (HPCL.NS) together purchased about 7 million barrels of crude oil through tenders last week, according to trade sources.

What specific crude oil grades and suppliers were involved in IOC's and HPCL's purchases, and when are the cargoes scheduled for delivery?

IOC bought 1 million barrels of Angola's Kissanje crude from Cathay Petroleum; 2 million barrels of Nigeria's Agbami and Usan crude from Trafigura; and 2 million barrels of Angola's Nemba and Dalia crude from Chevron — all scheduled for delivery between late August and early September. HPCL bought 2 million barrels of Brazil's Tupi crude, with cargoes scheduled for delivery in August and September.

Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say

Jul 6, 2026

Indian Oil Corp and HPCL purchased approximately 7 million barrels of crude oil via tenders last week, with deliveries scheduled between August and September. The cargoes include specific grades from Angola, Nigeria, and Brazil sourced from major traders.

reuters

2026-05-06

India's HPCL buys 2 million barrels of Oman crude, traders say

2026-06-10

Indian refiners bolster crude, LPG supplies despite Iran conflict

2026-07-06

Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say

2026-07-20

India's HPCL Invites LNG Suppliers for Spot and Long-Term Import Deals

2026-08-03

HPCL Buys West African Crude for Rajasthan Refinery, Sources Say

Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say

FAQ