News > After IOC, HPCL buys 2 mn bbl Russian crude
After IOC, HPCL buys 2 mn bbl Russian crude
The Siasat | 17/03/2022 09:03 PM | Click to read full article
After Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) has bought two million barrels of Russian crude oil as Indian refiners stepped up efforts to secure Russian oil available at deep discounts.
Western sanctions on Russia have prompted many companies and countries to shun its oil, depressing Russian crude to record discount levels.
