Bloomberg News

Indian Oil Issues Tender to Buy Crude Oil for October Loading

August 01, 2012

Indian Oil Corp., the nation’s largest refiner, issued a tender to buy crude for loading in October, a document obtained by Bloomberg News showed.

The tender closes at 3 p.m. local time on Aug. 6 and offers will be valid until 5 p.m. the following day, according to the document.

The company bought 3 million barrels of Nigerian benchmark Qua Iboe and 1 million barrels of Forcados crude for September from Exxon Mobil Corp. (XOM:US) and Trafigura Beheer BV in its previous tender.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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