India's IOC buys U.S. Light Louisiana Sweet oil via tender
India`s top refiner Indian Oil Corp has bought 2 million barrels of U.S. Light Louisiana Sweet (LLS) crude via a tender for April delivery, its head of finance A. K. Sharma said on Thursday.
This is the first purchase of LLS crude by an Indian refiner.
IOC has purchased the sweet oil from trader Trafigura, he said.
IOC will import the cargo at the eastern port of Paradip.
IOC will process the crude at its Mathura and Barauni refineries, he said.
This is the third purchase of the U.S. oil by IOC, Sharma said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.