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India’s Bharat Oman Refineries buys first US crude for November arrival: Sources

BORL is likely the third Indian oil refiner, after Indian Oil Corp and Bharat Petroleum Corp, to import US crude. Hindustan Petroleum Corp has also said it plans to buy US crude in the next few months.

By: Reuters | Singapore | September 19, 2017 8:17:26 pm
oil, OPEC, oil producing and exporting countries, OPEC oil, oil prices, US oil output, US oil prices, crude oil, oil news, world news, indian express Hindustan Petroleum Corp has also said it plans to buy US crude in the next few months. (Photo: Reuters)

India’s Bharat Oman Refineries Ltd (BORL) has bought, via tender, its first crude cargo from the United States, which will be delivered in November, two trade sources said on Tuesday. Trafigura will deliver 1 million barrels of Mars crude from the US Gulf of Mexico to BORL on Nov. 16 to 25, they said.

BORL is likely the third Indian oil refiner, after Indian Oil Corp and Bharat Petroleum Corp, to import US crude. Hindustan Petroleum Corp has also said it plans to buy US crude in the next few months.

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