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Indian Oil Corp issues June 1 sweet crude tender

Published: Thursday, Mar 25, 2010, 22:11 IST
Place: London | Agency: Reuters

State-owned Indian Oil Corp. (IOC) issued its regular monthly tender for June loading sweet crude oil on Thursday, a tender document seen by Reuters showed.

Grade offers for the tender must be submitted by March 30 with price offers due the following day. Both offers will be valid until April 1 when the tender will close.

India's largest refiner usually tenders for crude between two and four times a month, taking cargoes mostly from West Africa and the Mediterranean.


Last month, IOC bought around 8 million barrels of crude from West Africa for May lifting, along with 1 million barrels from Yemen.

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