IOC & HPCL Purchases 2 Million Barrels of Venezuelan Oil
Indian refineries, including Indian Oil Corp. and Hindustan Petroleum Corp., have purchased 2 million barrels of Merey crude from Venezuela for delivery in the second half of April. The crude will be carried on a very large crude carrier, with IOC taking about 1.5 million barrels and HPCL about 500,000 barrels, and is scheduled to…