IOC seeks sweet crude for Sept

SINGAPORE, June 19 (Reuters) India's largest refiner Indian Oil Corp. has issued a regular tender to buy sweet crude for September loading, traders said on Monday.

The refiner is looking for low and medium-sulphur crude, such as West African and Yemeni grades.

Grade offers are due on Tuesday and price offers on Wednesday, traders said.

IOC bought around 2.5 million barrels of sweet crude in a regular tender for end-July and August-loading cargoes last week, taking a cargo of Malaysian Miri crude, together with a Very Large Crude Carrier (VLCC) of West African crude [ID:nSP136286].

State-run IOC, which has a total refining capacity of around 1 million barrels per day (bpd), tenders several times a month to buy crude, mainly West African.

REUTERS DKS DS1636