TODAY.AZ / Business

Indian BPCL buys 1 mn bbls of Azeri Lt. crude

11 January 2007 [13:13] - TODAY.AZ
Indian state-run refiner Bharat Petroleum Corp bought a hefty 1 million barrels of Azerbaijan's Azeri Light crude for March loading from BP, together with 1.1 million barrels of Masila crude from Canadian trader Nexen, comprising a 500,000 and a 600,000-barrel cargoes. Price details were not disclosed.

BPCL last bought 600,000 barrels of Azeri Light crude for February loading from Shell.

The light sweet Azeri crude has become increasingly popular in Asia, with a South Korean and a Japanese refiner reportedly buying a 1 million-barrel cargo each of January-loading Azeri Light crude on Wednesday. The Financial Express


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