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The Economic Times

Economy / The Economic Times

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BPCL to get first Iraqi crude cargo as Hormuz disruption persists

Bharat Petroleum Corporation will soon receive its first Iraqi crude oil shipment. This move aims to secure supplies while facing disruptions in the Strait of Hormuz. The company is also open to purchasing more Gulf crude on a free-on-board basis. BPCL plans a ship-to-ship transfer of the Iraqi cargo near Fujairah. This diversification strategy helps maintain essential fuel supplies for the nation.

27 Aug 2026 11:30 pm