India IOC issues tender to buy light crude for Mar
LONDON (Reuters) - India's largest state-owned refiner, Indian Oil Corp (IOC), has issued a tender to buy light, sweet crude for March loading, traders said on Tuesday.
Price offers should be submitted by Thursday and offers will remain valid until Friday.
Last month, IOC bought 4 million barrels of Nigerian crude in its second tender to buy light crude for February, having held off from its usual West African crude purchase in its first tender of the month.
IOC bought 1 million barrels of Bonga crude, 1 million barrels of sweet Erha crude and 2 million barrels of Nigerian gasoline-rich Qua Iboe in its February tender.
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