Indian Oil Corp has made its first purchase of Canadian oil, taking a cargo of light oil for January lifting via a tender, trade sources said on Thursday.

IOC, India's biggest refiner, bought one million barrels of Canadian White Rose from Glencore, the sources said.

The refiner also bought a very large crude carrier containing a million barrels each of Nigerian Bonga and Bonny Light crude from Vitol for January loading, they said.

A VLCC can carry about two million barrels of crude.

Price details of the cargoes weren't immediately known.

Follow us on Twitter: @ALB_Magazine.

Related Articles

Other News

Korea’s Lee & Ko adds arbitration veteran to head int’l disputes

by Sarah Wong |

South Korean law firm Lee & Ko has significantly enhanced its dispute resolution capabilities with the appointment of international arbitration expert Park Eun Young as head of the firm's international disputes group.

Other News

Kim & Chang maintains top spot in Korean M&A legal advisory

by Asian Legal Business《亚洲法律杂志》 |

South Korea's largest law firm, Kim & Chang, has retained its leading position in the country's mergers and acquisitions (M&A) legal advisory market for the first nine months of 2023, according to data released on Oct. 3.

Other News

Drew secures $3.5 bln judgment against Lim family in Hin Leong case

by Asian Legal Business《亚洲法律杂志》 |

Singapore Big Four law firm Drew & Napier has successfully represented liquidators in securing a $3.5 billion judgment against former oil tycoon Lim Oon Kuin, known as OK Lim, and his two children in Singapore's largest reported fraudulent trading case.