Bloomberg News

Indian Oil Said to Buy West African Crude From Shell, Sonangol

June 12, 2012

Indian Oil Corp. bought at least 3 million barrels of West African crudes for loading in August from Royal Dutch Shell Plc (RDSA) and Sonangol Holdings via a tender, four traders who participate in the market said.

The nation’s largest refiner purchased 1 million barrels each of Nigerian Agbami and Angolan Hungo grades from Shell and 1 million barrels of Angolan Kissanje crude from Sonangol, according to the people, who declined to be identified because the information is confidential.

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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