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Journalism of Courage
Bharat Petroleum Corp (BPCL),India’s second-largest refiner,has issued a tender to buy June-loading crude and sour crude,a trader said on Wednesday.
Grade offers in the tender are due by April 16 and price offers by April 19,with both remaining valid until April 20,the trader said.
In its previous tender,BPCL bought Nigerian EA crude oil for the first time via tender.
BPCL operates a 240,000-bpd refinery in Mumbai as well as a 190,000-bpd refinery in the southern Indian state of Kerala,run by subsidiary Kochi Refineries Ltd.
The state-owned firm also owns a majority stake in a 60,000-bpd refinery in northeast India.
