Indian refiner Bharat Petroleum Corp is still in talks with Russian oil major Rosneft to buy oil under a term deal, its head of finance said, adding that discounts on Russian oil are narrowing.
“Yes, there were discussions happening with Rosneft but not yet concluded,” Vetsa Ramakrishna Gupta told an analysts’ conference after the company’s June quarter earnings report.
Reuters last month reported that BPCL is in talks to buy up to 6 million metric tonnes of Russian oil under a term deal with Rosneft.
