India's HPCL makes its first US oil purchase

NEW DELHI (Reuters) — Indian state refiner Hindustan Petroleum Corp has made its first purchase of US oil, buying high sulfur crude Mars in a tender, company chairman M. K. Surana said on Monday.

Earlier Indian Oil Corp and Bharat Petroleum Corp, both state refiners, had purchased the US oil through tenders.

HPCL has bought 1 MMbbl of Mars oil from trader Trafigura for delivery in December at the southern Indian port of Vizag, he said.

Reporting by Nidhi Verma

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