IOC seeks end-Dec and Jan sweet crude

SINGAPORE, Nov 2 (Reuters) India's largest refiner Indian Oil Corp. has issued a new tender to buy sweet crude for end-December and January loading, traders said on Thursday.

Grade offers are due on Tuesday and price offers on Wednesday. Offers are to remain valid until Thursday, a trader said.

IOC bought 5 million barrels of sweet crude in its last tender for end-November and December crude, comprising 4 million barrels of West African crude and around 1 million barrels of Malaysian crude.

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 crude.

REUTERS DKS DS1655