IndianOil buys 2m bbls crude
Mumbai   21-Mar-2008
IndianOil has bought by tenders 2 million barrels of Escravos crude and 500,000 barrels of Ras Gharib for May arrival, sources said on Thursday. IndianOil bought a Very Large Crude Carrier (VLCC), of the Nigerian grade Escravos at dated plus $3 to $4 a barrel and purchased Egyptian heavy crude Ras Gharib at $12 a barrel discount to Dubai, a trade source said.