Indian Oil buys 3 mln barrels of Urals for May loading - source

Indian Oil buys 3 mln barrels of Urals for May loading - source

Indian Oil Corp, the country's top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading, trade sources said.

Urals crude has been purchased from trader Vitol on delivered basis at a "discount", they said.

This is the second purchase of Urals by IOC since Feb. 24. It bought similar volumes of Urals from Vitol earlier this month for delivery in May. 

The world's third-biggest consumer and importer of oil has also not banned Russian oil imports, unlike several Western countries.

IOC also purchased a million barrels each of Nigerian Usan and Agbami oil from Exxon, the trade sources said.

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