Reliance buys 1 million barrels of crude from Kuwait’s KPC , trade sources say
India’s Reliance has purchased 1 million barrels of heavy crude from Kuwait Petroleum Corp via a tender, four trade sources said.
Last week, KPC issued a tender to sell crude oil that the Al-Zour refinery is unable to process because of unplanned maintenance after a fire.
The cargoes — 500,000 barrels of Kuwait Heavy Crude for loading on December 6 to December 7 and the same volume of Eocene crude for loading on December 8 to December 9 — were awarded to Reliance, the people said.
