Bloomberg News

Bharat Petroleum Said to Buy Nigeria Oil From Morgan Stanley

March 01, 2012

Bharat Petroleum Corp. (BPCL), India’s second-largest state refiner, bought 2 million barrels of Nigerian crude for loading in April from Morgan Stanley (MS) via a tender, said four traders who declined to be identified because they aren’t authorized to speak with the media.

The company secured 1 million barrels each of Qua Iboe and Agbami crudes to be loaded in a supertanker, they said.

Bharat Petroleum also purchased 1 million barrels of Libya’s Sharara crude, the people said.

To contact the reporters on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net; Sherry Su in London at lsu23@bloomberg.net

To contact the editors responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net; Stephen Voss at sev@bloomberg.net


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