Indian Oil Extends Closing Date of March-Loading Crude Tender

Indian Oil Corp., the nation’s largest refiner, extended the closing date of a tender to buy West African crude for loading in March, an amended document obtained by Bloomberg News shows.

The tender will now close at 3 p.m. local time on Jan. 23 with offers valid until 5 p.m. the next day, a week later than originally scheduled, according to the document. IOC had last week purchased four million barrels of West African crude for loading in March.

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