Indian Oil buys Russian crude from non-sanctioned entities, sources sayThe refiner has bought about 3.5 million barrels of ESPO at about parity to Dubai quotes for delivery at an eastern Indian port in December, one of the trade sources said.
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Illustration showing oil pump jack, Russian and Indian flags. (Representative image)
Credit: Reuters Photo
New Delhi/Singapore: Indian Oil Corp, the country's top refiner, has bought five cargoes of Russian oil for December arrival from non-sanctioned entities, traders said.
The refiner has bought about 3.5 million barrels of ESPO at about parity to Dubai quotes for delivery at an eastern Indian port in December, one of the trade sources said.
IOC did not immediately respond to a request for comment outside working hours.