Hindustan Oil Exploration Company Announces Resale of B-80 Crude Cargo
Hindustan Oil Exploration Company Limited announced that the resale of B-80 crude oil cargo to a third-party buyer has commenced. This development provides an update regarding the crude oil supply from the B-80 field previously related to HPCL.B-80 crude is currently stored within the HPCL - Mumbai Refinery storage tanks, where it is commingled with other grades of crude oil.
The company stated that it and HPCL continue to engage constructively and are actively working towards reaching an amicable resolution concerning the matter.
The details were provided by Baroruchi Mishra, Managing Director & CEO of Hindustan Oil Exploration Company Limited.
HINDOILEXP Stock Price Movement
Shares of HINDUSTAN OIL EXPLORATION COMPANY LIMITED are edging higher to ₹172 as of 9:15 AM today, having gained 1.66% in live trading. The stock has traded a volume of 17,245 shares, indicating robust activity early in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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