BPCL seeks June/July crude

Singapore, Apr 23: State-run refiner Bharat Petroleum Corp (BPCL) has issued a tender to buy sour and sweet crude for June and July loading, a trader said on Monday.

The refiner asked for offers of Middle East, Mediterranean and West African grades. It is is looking for 600,000 to one million barrels of crude for June and July loading.

Offers are due on Wednesday and are to remain valid until Friday, the source added.

BPCL bought two million barrels of crude in its last tender for June-loading crude, taking one million barrels of Azerbaijan Azeri Light crude from Japanese trader Mitsui, together with 500,000 barrels of Yemeni Masila crude from Canadian trader Nexen and 500,000 barrels of Dubai crude from U.S. trader Phibro.

BPCL operates a 240,000 bpd refinery in Mumbai as well as its 150,000 bpd refinery in the southern Indian state of Kerala, run by subsidiary Kochi Refineries Ltd. .

It also owns a majority stake in a 60,000 bpd refinery in northeast India, run by Numaligarh Refinery Ltd.

Reuters