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India's IOC says may buy 30,000 bpd Cairn crude

India's IOC says may buy 30,000 bpd Cairn crude

Write: Keve [2011-05-20]
BARMER, India, Feb 4 - State-run Indian Oil Corp (IOC.BO) may buy 1.5 million tonnes a year, or 30,000 barrels per day, of crude oil from Cairn Energy (CAIL.BO) (CNE.L) after it starts production at its Indian field this year, an IOC official said.

"We can buy up to 1.5 million tonnes of Cairn's Rajasthan crude, but this is subject to commerciality and pricing," director for refineries, B.N. Banakapur, told reporters on Wednesday.