BPCL avoiding Russian Sokol crude oil purchases due to payment issues
Thu, Feb 8, 2024 9:44 PM

BPCL avoiding Russian Sokol crude oil purchases due to payment issues

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Bharat Petroleum Corp (BPCL) is avoiding purchase of Russian Sokol crude oil and is relying mostly on Urals, as payments are not being cleared by intermediate banks, a company source said on Thursday. The official declined to be identified due to the sensitivity nature of the information. Presently there are no offers for Sokol grade crude and the Urals market has also become tight.

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