Indian Oil Issues Second Crude Import Tender for January Loading

Indian Oil Corp., the country’s biggest refiner, issued a second spot tender seeking to buy low-sulfur crude loading in January, according to official documents obtained by Bloomberg News.

Earlier this month, the company bought 4 million barrels of Nigerian and Angolan grades for January via its first tender.

Details of the company’s requirements are as follows:

Crude:         West African, Caspian, North Sea, North African,
               Malaysian, Kazakh
Quantity:      Cargoes of as much as 2 million barrels to
               be co-loaded in a Very Large Crude Carrier, or
               single cargoes of 1 million barrels
Loading:       December
Offers close:  Part 1 - Expression of interest: Nov. 15
               Part 2 - Submission of offers: Nov. 16
Validity:      Nov. 17
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