Saudi Aramco offers alternative crude oil grade to Indian Oil Corp
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TUESDAY, FEBRUARY 07, 2023
Saudi Aramco offers alternative crude oil grade to Indian Oil Corp

World+Biz

Reuters
17 September, 2019, 01:35 pm
Last modified: 17 September, 2019, 01:56 pm

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Saudi Aramco offers alternative crude oil grade to Indian Oil Corp

Aramco has said they would give some volumes of Arab heavy instead of Arab mix oil

Reuters
17 September, 2019, 01:35 pm
Last modified: 17 September, 2019, 01:56 pm
A production facility is seen at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia, May 22, 2018/ Reuters
A production facility is seen at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia, May 22, 2018/ Reuters

Saudi Aramco has offered Indian Oil Corp Arab Heavy crude oil instead of Arab Light following an attack on its oil facilities over the weekend, an industry source told Reuters on Tuesday.

IOC will receive full allocated volumes from Saudi Aramco in September and October, the source said, declining to be named as he was not authorised to speak with the media.

However Aramco has said they would give some volumes of Arab heavy instead of Arab mix oil, the source added. This indicates that Saudi is offering heavy grade instead of light as Arab Mix is a combination of Arab light and heavy.

No immediate comment was available from IOC. 

Top News / Global Economy

Saudi Aramco / crude oil

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