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The Economic Times

Economy / The Economic Times

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Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say

Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through recent tenders. Indian Oil acquired various grades from Angola and Nigeria, while HPCL purchased Brazilian Tupi crude. These significant purchases are slated for delivery between August and September, bolstering India's energy reserves.

6 Jul 2026 3:33 pm