Business Update18 May 2026, 09:01 am
HOEC Begins Resale of B-80 Crude Oil to Third-Party Buyer
AI Summary
Hindustan Oil Exploration Company Ltd (HOEC) has announced the commencement of resale of B-80 crude oil cargo to a third-party buyer. The B-80 crude is currently stored in HPCL's Mumbai Refinery storage tanks, commingled with other crudes. HOEC and HPCL are continuing discussions to reach an amicable resolution regarding the matter.
Key Highlights
- HOEC begins resale of B-80 crude oil cargo to a third-party buyer.
- B-80 crude is stored in HPCL's Mumbai Refinery tanks, mixed with other crudes.
- HOEC and HPCL are actively working towards an amicable resolution.