HPCL-Mittal first Indian company to buy Guyanese crude Liza – data
The first cargo from new oil producer Guyana to the world’s third-largest crude importer, India, departed this month from a production facility off the South American nation’s coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday.
The cargo was bought by HPCL-Mittal Energy Ltd, a joint venture between state-run Hindustan Petroleum Corp and steel tycoon L.N. Mittal, a source with knowledge of the matter said. HMEL operates a 226,000 barrel per day (bpd) Bathinda refinery in the northern state of Punjab.
