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IOC buys 4 million barrels of West African oil via tender, sources say

Indian Oil Corp IOC, the country’s top refiner, has bought 4 million barrels of Western African crude for January to early February delivery via a tender, sources said on Friday.

The company bought Nigeria’s Akko and Usan crude, as well as Angola’s Nemba and Hungo crude. The purchase volume for each grade was 1 million barrels, they said.

The tenders were awarded to Totsa, the trading arm of TotalEnergies TTE and Exxon Mobil XOM.
Source: Reuters



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