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BPCL to float tender for 1 mbd crude oil from US
The New Indian Express Kalaburagi
|March 08, 2025
Move aims to secure cheaper oil from US
BHARAT PETROLEUM CORPORATION (BPCL) is set to float a four-month tender next week to buy 1 million barrels of US West Texas Intermediate (WTI) crude every month.
As per a report citing sources, the move aims to secure cheaper oil from the world's top producer. The tender, which will be awarded for four months, is expected to begin deliveries in May or June 2025. This is not the first time BPCL has purchased US oil; the company awarded a similar tender to European major BP last year.
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