India’s BPCL purchases initial Argentinian petroleum freight for Feb distribution, resources state

SINGAPORE/NEW DELHI (Reuters) – India’s Bharat Petroleum Corp Ltd has actually gotten its initial petroleum freight from Argentina, 2 profession resources claimed on Friday, component of the firm’s initiative to expand the qualities refined at its refineries.

The state-run refiner has actually bought the 1-million-barrel freight of Medanito crude for February distribution from European investor Mercuria, the resources claimed.

The light-sweet quality is of a comparable high quality to united state West Texas Intermediate crude, they included.

BPCL got the freight for test handling at its refineries, among the resources claimed.

BPCL did not quickly react to an ask for remark. Mercuria generally does not talk about industrial bargains.

Data from ship monitoring company Kpler revealed the Medanito quality was initial provided to the Asia Pacific area in October when around 420,000 barrels were released at Australia’s Geelong refinery.

(Reporting by Florence Tan and Nidhi Verma; Editing by Kirsten Donovan)