IndianOil seeks sweet crude
New Delhi   12-Jun-2007
IndianOil has issued a tender to buy sweet crude for late-July to August loadings, a trader said on Monday. The first close for the tender is due on Tuesday and will remain valid until Thursday, the trader added. IndianOil is looking for 1 or 2 million barrels of sweet crude for loadings either on July 21-31 or August, the source said. IndianOil last week bought via tender around 600,000 barrels of Malaysian Labuan crude for August loading in addition to around 2 million barrels of August loading Vest African crude.