Indian Refiners Issue Crude Import Tenders Amid Squeezed Russian Supply ...Middle East

OILPRICE - Economy
Indian Refiners Issue Crude Import Tenders Amid Squeezed Russian Supply
source : OILPRICE ( Middle East ) () 74
Indian refiners are struggling to procure crude oil and some are issuing crude import tenders to solicit bids this month after the latest U.S. sanctions hit Russian supply, trade sources told Reuters on Tuesday. Bharat Petroleum Corporation Ltd (BPCL) and Mangalore Refinery and Petrochemical Ltd (MRPL) have issued tenders this week to buy millions of barrels of crude for delivery in February and after that, following the most aggressive U.S. sanctions yet on Russian oil trade. MRPL has issued its first crude import tender in over a year, in which…

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