May 13, 2026

Venezuelan crude oil

Bharat Petroleum, HMEL turn to Venezuelan crude as India reduces Russian oil purchases: Report – The Times of India

Bharat Petroleum, HMEL turn to Venezuelan crude as India reduces Russian oil purchases: Report – The Times of India

admin03 mins

India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…

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‘Our refineries are robust!’: India can process Venezuelean crude oil when available; here’s what IOCL chairman said – The Times of India

‘Our refineries are robust!’: India can process Venezuelean crude oil when available; here’s what IOCL chairman said – The Times of India

admin05 mins

Indian Oil Corporation Ltd (IOCL) said that the country’s refineries are capable of processing Venezuelan crude if supplies resume. “If at all things start settling down, if at all a lot of crude starts coming out of Venezuela, then can’t we import oil from Venezuela?” he said.The executive further added that the company, used to…

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