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The Economic Times
The Economic Times

Aramco Trading sells 10 million bbls Khafji crude to Asian refiners, sources say

Aramco Trading has sold about 10 million barrels of Khafji crude to Asian refiners in a tender closed on Tuesday, trade sources said.

Following are some details of the tender result:

* South Korea's GS Caltex and China's Shenghong Petrochemical each bought 2 million barrels.

* India's Hindustan Petroleum Corp Ltd, Indian Oil Corp and Reliance each bought 2 million barrels.

Also Read | Indian Oil Gujarat refinery to start operating at expanded capacity by end of FY27, executive says

* The oil is for loading via ship-to-ship transfers at Fujairah in late October to November. Some of the deals were concluded at a discount of $8 per barrel to November Dubai benchmark.

* The companies typically do not comment on their commercial trades.

* This is the third tender by Aramco Trading for the Khafji crude in about two weeks time. The previous two tenders were awarded to China and India.

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