Bloomberg News

Indian Oil Said to Buy Nigerian Qua Iboe, EA Crudes From Shell

July 13, 2012

Indian Oil Corp. bought 2 million barrels of Nigerian crudes for loading from end-August to September from Royal Dutch Shell Plc (RDSA) via a tender, four traders who participate in the market said.

The nation’s largest refiner purchased 1 million barrels each of Nigerian Qua Iboe and EA grades from Shell, according to the people, who declined to be identified because the information is confidential.

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

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


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