EnergyReader · 2026-08-04 19:01

HPCL Buys Nigerian Crude Through Glencore to Replace Hormuz-Disrupted Gulf Supply

By EnergyReader Newsroom · August 4, 2026

HPCL purchased 2 million barrels of Nigerian crude on Tuesday (2026-08-04), acquiring Okwuibome and Utapate grades through commodity trader Glencore via a tender, trading sources told Reuters. The cargoes are destined for HPCL Rajasthan Refinery Limited, the Rajasthan-based plant that processes 180,000 barrels per day and in which Hindustan Petroleum holds a 74% stake.

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