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Indian Oil Corp buys its first Johan Sverdrup crude cargoes – sources | Hellenic Shipping News Worldwide

Indian Oil Corp buys its first Johan Sverdrup crude cargoes – sources State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway’s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters. IOC will take delivery of two million barrels of the North Sea crude in each of May and June, one of the sources said. Further details on the trades were not yet clear. The move follows the Indian government’s call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world’s third-largest crude importer, and Saudi Arabia, the de-facto leader of the Organization of Petroleum Exporting Countries (OPEC).

India generalUnited statesEagle fordNew delhiSaudi arabiaShu zhangNorth seaOceans generalMark potterNidhi vermaAlison williamsJohan sverdrupBharat petroleum corpHpcl mittal energyPetrochemicals ltdIndia reliance industries ltd

UPDATE 1-Indian Oil Corp buys its first Johan Sverdrup crude cargoes - sources

(Adds details, background) SINGAPORE/NEW DELHI, April 5 (Reuters) - State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway’s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday. IOC will take delivery of two million barrels of the North Sea crude in each of May and June, one of the sources said. Further details on the trades were not yet clear. The move follows the Indian government’s call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world’s third-largest crude importer, and Saudi Arabia, the de-facto leader of the Organization of Petroleum Exporting Countries (OPEC).

India generalUnited statesEagle fordNew delhiSaudi arabiaShu zhangNorth seaOceans generalMark potterNidhi vermaAlison williamsJohan sverdrupThomson reuters trust principlesBharat petroleum corpHpcl mittal energyPetrochemicals ltd

Indian Oil Buys Its First Norway s Johan Sverdrup Crude Cargoes: Report

Indian Oil Buys Its First Norway s Johan Sverdrup Crude Cargoes: Report Indian Oil Buys Its First Norway s Johan Sverdrup Crude Cargoes: Report The move follows the Indian government s call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world s third-largest crude importer, and Saudi Arabia. Updated: April 05, 2021 5:00 pm IST State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday. IOC will take delivery of two million barrels of the North Sea crude in each of May and June, one of the sources said. Further details on the trades were not yet clear.

India generalUnited statesEagle fordSaudi arabiaNorth seaOceans generalJohan sverdrupBharat petroleum corpHpcl mittal energyPetrochemicals ltdIndia reliance industries ltdOrganization of petroleum exporting countriesHindustan petroleum corpIndian oil corporationMiddle eastPetroleum exporting countries

CORRECTED-Venezuela rations diesel supply to truckers as fuel shortages worsen

(Corrects that president of Regional Freight Chamber said service stations, not PDVSA, were limiting supply, paragraph 8) VALENCIA, Venezuela/MARACAY, Venezuela, March 7 (Reuters) - V enezuelan state oil company Petroleos de Venezuela has begun rationing diesel to truckers, four transport sector sources told Reuters, as low domestic refining output and scarce imports amid U.S. sanctions squeeze fuel supplies. Frustrated truckers blocked a highway in the central state of Maracay in protest over the shortages on Friday, social media images showed. Industry groups said the unprecedented rationing would create delays delivering goods to markets in the OPEC nation, reeling from a prolonged economic crisis.

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REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide
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