MRPL, IOC Purchase 5mn barrels of Oman, West African Crude

Mangalore Refinery and Petrochemicals bought 1 million barrels of Oman crude via a tender, three trade sources said.

The oil was bought at a premium of about $3 a barrel to the dated Brent contract, the sources said. One of them added that the seller was Mitsui & Co Energy Trading Singapore.

Separately, state-run Indian Oil Corp, the country's biggest refiner by capacity, purchased four million barrels of West African crude, the sources said.

The company bought Angolan Nemba, Saxi Batuque and Clov as well as Congo's Djeno crude, all from Chevron, the people said.