India's top refiner charters VLCC to load oil from Iraq

Indian Oil Corp, the country's ​top refiner, has chartered a ‌very large crude carrier (VLCC) to load Iraqi oil from Basrah Oil Terminal ​later this month after ​a partial reopening of the Strait ⁠of Hormuz, three shipping ​sources said.

State-owned IOC will be lifting ​2 million barrels of Iraqi oil in the VLCC Lila Jamnagar around July ​23, they said.

The crude ​will be delivered at eastern India ports ‌of ⁠Paradip and Chennai, they said.

Indian state refiners, which mostly lift Iraqi oil on a free on ​board basis, ​had ⁠almost halted purchase of Iraqi oil due to ​the effective closure of ​the ⁠Strait of Hormuz after U.S.-Israeli attacks on Iran.

IOC did not immediately ⁠respond ​to an email ​seeking comment sent outside working hours.


-Reuters