Energy Diversification in Action: IOC and HPCL Import Venezuelan Oil for April Refinery Operations

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

Traders confirmed that Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) purchased 2 million barrels of Venezuelan crude oil from global trader Trafigura. The cargo is scheduled for H2 April delivery, marking a significant diversification in India’s energy sourcing strategy.