Bharat Petroleum Corporation (BPCL) has reportedly made its first purchase of US oil, buying high sulphur crudes Mars and Poseidon in a tender. The company has bought a cargo containing 500,000 barrels each of Mars and Poseidon for delivery from September 26 to October 10.
The company is the second Indian refiner to buy US Gulf crude after Prime Minister Narendra Modi’s visit to Washington last month when President Donald Trump said the United States looked forward to exporting more energy products to the world’s third-biggest oil buyer.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.