SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HPCL likely to buy crude oil from Syria

10 Dec 2011 Evaluate

State-owned Hindustan Petroleum Corporation (HPCL) is likely to purchase crude oil from Syrian property of ONGC Videsh (OVL) after the European Union imposed an embargo on oil imports from the African nation.

The company is trying to find a ship for carrying Syrian crude along with the insurance for the ship. If logistics work out, HPCL can take up to 2 million tonnes of Syrian crude. European Union (EU) countries imposed sanctions on Syria on September 3 after which European countries having contracts with Syria have stopped importing Syrian crude oil.

The company reported a net loss of Rs 3364.48 crore for the second quarter of the current fiscal as compared to the net profit of Rs 2089.61 crore for the corresponding quarter of the last year. The company’s net sales has increased 20.58% at Rs 37030.23 crore for the quarter under review as compared to Rs 30709.73 crore for the second quarter of the previous year. 

HPCL Share Price

370.95 0.80 (0.22%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×