Hindustan Petroleum Corp (HPCL) is likely to purchase up to 40,000 barrels per day (bpd) of Basra light oil from France's Total at a discount to the official selling price. It will lift 15,000 bpd of the Iraqi oil with an option to buy another 25,000 bpd. It has halted imports from Iran and plans to cut purchases from Saudi Arabia because of insurance problems triggered by western sanctions.
The company is also looking to buy 60,000 bpd from Iraq's State Oil Marketing Organisation (SOMO) compared to 40,000 bpd last year. HPCL operates a 166,000 bpd Vizag refinery in southern India and a 130,000 bpd plant in western Maharashtra state.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1464.15 |
| Indian Oil Corp. | 142.15 |
| BPCL | 298.85 |
| HPCL | 373.65 |
| MRPL | 155.85 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: