New Delhi (03.02.2022): Bharat Petroleum Corp. is seeking extra oil from Middle Eastern producers for April, fearing Western sanctions against Russia could hit deliveries of Urals crude.BPCL, India's second biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis. BPCL has booked one million barrels of Urals for loading in March and three million in April.Traders are willing to meet the existing commitments, but have told BPCL they will not quote for supplies in future months, the source said, adding: "No one knows how the situation will pan out in April, so BPCL wants to be prepared."
BPCL seeks extra Gulf oil: Report
By IndianMandarins - 2022-03-02 11:59:00
New Delhi (03.02.2022): Bharat Petroleum Corp. is seeking extra oil from Middle Eastern producers for April, fearing Western sanctions against Russia could hit deliveries of Urals crude.
BPCL, India's second biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis. BPCL has booked one million barrels of Urals for loading in March and three million in April.
Traders are willing to meet the existing commitments, but have told BPCL they will not quote for supplies in future months, the source said, adding: "No one knows how the situation will pan out in April, so BPCL wants to be prepared."
