HPCL secures 2 million barrels of Nigerian crude for September delivery
HPCL has bought 1 million barrels each of Nigerian Forcados and Bonga crude from Shell through a tender, supporting feedstock supply for its 300,000-barrels-per-day Vizag refinery.
HPCL bought 2 million barrels of Nigerian Forcados and Bonga crude from Shell via tender for September delivery, supplying its 300,000-bpd Vizag refinery in Andhra Pradesh.
Why this matters
The purchases add supply support after HPCL posted its widest Q1 FY27 loss amid LPG under-recoveries, while Brent above $90 and crude's 51.5% 20-day surge intensified margin pressure.
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