Mangalore Refinery and Petrochemicals Ltd
(MRPL.NS) have reversed their decision to buy only 9.5 million barrels of oil from Saudi Arabia in May from the previously planned 10.8 million barrels after Saudi Arabia and other Middle Eastern oil producers supplied liquid medical oxygen (LMO) to India.
In a series of tweets last week, Indian oil minister Dharmendra Pradhan welcomed offers by Saudi Arabia, UAE, and Qatar and assurance of a steady supply of LMO and cryogenic tanks to India. The country s daily deaths from the second wave recently crossed the 4k mark, the highest anywhere on the globe, with Modi s government blamed for handling the pandemic poorly.
May 7, 20214:07 AM UTC
IndiaEXCLUSIVE India offers to lift regular Saudi oil volumes in June after May cuts -sources
Nidhi Verma
3 minute read
An Indian Oil tanker driver waits outside a fuel depot in Mumbai, India, October 6, 2017. REUTERS/ Danish Siddiqui/File Photo
Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world s top oil exporter, four sources said on Thursday.
The refiners - Indian Oil Corp (IOC.NS), Bharat Petroleum Corp (BPCL.NS), Hindustan Petroleum Corp (HPCL.NS) and Mangalore Refinery and Petrochemicals Ltd (MRPL.NS) - normally buy 14.8 million-15 million barrels of Saudi oil a month.
2 Min Read
NEW DELHI (Reuters) - Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world’s top oil exporter, four sources said on Thursday.
FILE PHOTO: An Indian Oil tanker driver waits outside a fuel depot in Mumbai, India, October 6, 2017. REUTERS/ Danish Siddiqui/File Photo
The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month.
“This time there is no direction from the ministry to cut imports in June and unlike last time they (Aramco) have reduced the prices as well,” said one of the sources.
By Nidhi Verma NEW DELHI (Reuters) - Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world s top oil exporter, four sources said on Thursday. The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month. This time there is no direction from the ministry to cut imports in June and unlike last time they (Aramco) have reduced the prices as well, said one of the sources.
India places orders to lift regular supplies from Saudi Aramco in June
The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month
Reuters | May 7, 2021 | Updated 10:23 IST
Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world s top oil exporter, four sources said on Thursday. The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month.