BPCL buys Upper Zakum crude for December to replace Russian oil, sources say
Bharat Petroleum Corp (BPCL) has bought crude oil from Abu Dhabi in a spot tender to replace oil from Russia after the U.S. sanctioned two major Russian producers, two trade sources said on Monday.
The Indian refiner purchased 2 million barrels of Upper Zakum crude for loading in December, they said.
One of the sources said ADNOC Trading will supply the cargo.
