The crude oil requirement of two refineries is met partly by Indigenous crude and balance through imports. Imported crude oil requirement for our refineries is both sweet and sour grades, with latter for Mumbai refinery being Lube bearing.
The crude oil import for HPCL’s refineries is approx. 220 thousand barrels per day (11.0 Million tons per annum). The requirement is partly met through term contracts with National Oil Companies and the balance thru spot procurement. View Details of Crude procured by HPCL (180 KB) over the previous few years.
The spot procurement of crude oil is by the process of tendering. The details regarding crude oil grades, cargo size, pricing basis etc, are detailed in the tender document. Parties registered with HPCL only can participate in these tenders.