Bharat Snaps Up Libyan Crude

By John Lee.

Bharat Petroleum, India’s second-largest state refiner, has reportedly bought 1 million barrels of Libyan El Sharara crude for loading in April.

Bloomberg, citing information from three traders who asked not to be identified, said the oil would be bought from France's Total.

The Indian refiner paid about $1.85 a barrel more than Dated Brent for the crude cargo, two of the traders said.

(Source: Bloomberg)

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