Indian Oil Buys 4 Million Barrels of Crude From Vitol, Sonangol

Indian Oil Corp., the nation’s largest refiner, bought about 4 million barrels of West African crude oil for loading in June, two people who participate in the market said.

The company bought 2 million barrels from Vitol Group and a similar amount from Angola’s state-owned Sonangol EP, they said.

Details of the purchase are as follows:

---------------------------------------------------------------
Crude oil:     Escravos, Forcados (Nigeria)
Seller:        Vitol
Quantity:      2 million barrels
Loading:       June
Price:         Not confirmed
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Crude oil:     Kissanje, Palanca (Angola)
Seller:        Sonangol
Quantity:      2 million barrels
Loading:       June
Price:         Not confirmed
---------------------------------------------------------------

To contact the reporters on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net; Sherry Su in London at Lsu23@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net; Stephen Voss on sev@bloomberg.net.

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