Bid & Tender
India’s IOC Awards US Crude Purchase Tenders to Trafigura

Date : Jun 25, 2020

Indian Oil Corp, the country's top state refiner, has awarded two tenders to buy US crude between October 2020 and March 2021 to European trader Trafigura, two sources said. Details on grades, volume and prices were not immediately known.


IOC had sought up to 24 million barrels of U.S. crude for delivery between October 2020 and March 2021 as part of its efforts to diversify supplies after Middle East producers cut exports to comply with the OPEC+ output reduction agreement.