Indian Oil Corp seeks sour oil from spot market, trade sources say

• Posted in OilGas
• on January 17, 2025
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Indian Oil Corp(IOC), the country’s top refiner by capacity, is seeking to buy high-sulphur oil through spot tenders, its first sour crude import tenders since March 2022, trade sources said on Thursday.

The company has also launched a separate tender seeking sweet crude, the sources said.

IOC is seeking cargoes loading March 1-15. The tenders close on Thursday with bids remaining valid until Friday, they said.

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