Which specific crude oil grades and origins did Indian Oil Corp purchase, and where are they scheduled for delivery?

Indian Oil Corp purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery; Nigeria's Usan crude from ExxonMobil and Abu Dhabi's Murban crude from Mercuria for delivery to Vadinar; and Murban crude from Totsa (TotalEnergies' trading arm) for delivery to Chennai.

What were the pricing terms for the West African and Murban crude cargoes purchased by Indian Oil Corp?

The West African cargoes traded at premiums of around $4 a barrel to dated Brent, while the Murban cargoes were sold at flat to a slight premium to dated Brent.

Indian Oil Corp Buys 5 Million Barrels of Crude from West Africa, Middle East

May 29, 2026

Indian Oil Corp acquired 5 million barrels of crude from West Africa and the Middle East via tender. The cargoes, including Angolan and Nigerian grades, are scheduled for delivery to its Paradip, Vadinar, and Chennai refineries.

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