BPCL buys 3.1 mln barrels crude in tender

SINGAPORE, Jan 11: State-run refiner Bharat Petroleum Corp. (BPCL) has bought a hefty 3.1 million barrels of crude in its latest tender for February and March loading, a company source said on Thursday.

BPCL bought 1 million barrels of Yemeni Masila crude for February loading from Chinese trader Sinochem.

It also bought 1 million barrels of Azerbaijan's Azeri Light for March loading, together with 1.1 million barrels of Masila crude from Canadian trader Nexen.

On top of the spot purchases, BPCL concluded a term contract with U.S. independent Occidental to buy 500,000 barrels of Masila crude per month during the second and third quarter of this year, the source added.

REUTERS SINGAPORE, Jan 11 (Reuters) State-run refiner Bharat Petroleum Corp. (BPCL) has bought a hefty 3.1 million barrels of crude in its latest tender for February and March loading, a company source said on Thursday.

BPCL bought 1 million barrels of Yemeni Masila crude for February loading from Chinese trader Sinochem.

It also bought 1 million barrels of Azerbaijan's Azeri Light for March loading, together with 1.1 million barrels of Masila crude from Canadian trader Nexen.

On top of the spot purchases, BPCL concluded a term contract with U.S. independent Occidental to buy 500,000 barrels of Masila crude per month during the second and third quarter of this year, the source added.

REUTERS