Indian Oil Corp(IOC), the country’s top refiner by capacity, is seeking to buy high-sulphur oil through spot tenders, its first sour crude import tenders since March 2022, trade sources said on Thursday.
The company has also launched a separate tender seeking sweet crude, the sources said.
IOC is seeking cargoes loading March 1-15. The tenders close on Thursday with bids remaining valid until Friday, they said.