HMEL Buys May Basra at Steady Differential

Source: Reuters 3/20/2013, Location: Middle East

India's Hindustan Mittal Energy Ltd (HMEL) has bought 2 million barrels of May loading Basra Light at premiums similar to a month ago, industry sources said.

It bought the cargo at 20-30 cents per barrel premium to the official selling price (OSP). The seller was probably Emirates National Oil Co (ENOC), the sources said. The deal could not be independently verified.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


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