India Expands Crude Purchase From Nigeria

• Posted in OilGas
• on September 8, 2025
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India Oil Corp has significantly sustained oil imports from Nigeria after skipping the purchase of U.S. oil in its latest tender.
According to Reuters, which quoted trade sources on Friday, the company purchased 2 million barrels of Nigeria’s crude oil and a million barrels of Middle Eastern grade.

The state refiner also bought one million barrels each of Nigerian oil grades Agbami and Usan from French oil major TotalEnergy, and another million barrels of Abu Dhabi’s Das crude from Shell, the people said.

Nigerian oil has been bought on a free-on-board basis, and Das has been purchased and delivered to Indian ports in late October or early November. IOC bought 5 million barrels of U.S. West Texas Intermediate in its previous tender last week.

In recent months, Indian refiners have advantage of a favourable arbitrage window and raised their purchase of U.S. oil via tender.

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