IOC, an Indian state refiner, has bought 1.9 million barrels of U.S. crude in its second import tender seeking oil from the Americas, becoming the first Indian refiner to purchase Eagle Ford shale oil.
A.K. Sharma, the finance director of the refiner has said that IOC has bought 950,000 barrels of light sweet Eagle Ford shale oil and 950,000 barrels of heavy sour Mars crude for end-October delivery from trading firm Trafigura.
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