Monday, August 8, 2011

Indian Oil Said to Buy Nigerian Qua Iboe, EA Crude From Shell
By Sherry Su and Pratish Narayanan

Indian Oil Corp., the nation’s largest refiner, bought 1 million barrels each of Nigerian Qua Iboe and EA crude from Royal Dutch Shell Plc (RDSA) through a tender, according to four people who participate in the market.

The two cargoes will be loaded in the second half of September or October, said the people who declined to be identified because they aren’t authorized to speak to the media.

Last month, Indian Oil bought a total of 4 million barrels of Nigerian crude for loading from late August to September.

Details of the purchase are as follows:
Crude oil: Qua Iboe, EA (Nigeria)
Seller: Shell
Quantity: 1 million barrels each
Loading: Second-Half September or October
Price: Not disclosed

To contact the reporters on this story: Sherry Su in London at; Pratish Narayanan in Mumbai at

To contact the editors responsible for this story: Stephen Voss at; Alexander Kwiatkowski at

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