Indian Oil Corp has bought about 5 million barrels of West African light crude, all from majors, via its tender to buy oil for November loading.

Traders said that India's largest refiner bought Nigerian Yoho and Equatorial Guinea's Zafiro from Shell, Nigerian Amenam and Angolan Girassol from Total and Nigerian Escravos from Chevron

Price details did not emerge. It is not clear if IOC has issued the next tender yet.

A trader said that "They have taken 5 cargoes in November on the first tender, it looks like good, or perhaps we should say a return to normal demand.”

In October, IOC bought only 2 million Some said IOc's tenders have been further out as the Nigerian market is still trading end-October cargoes, giving advantage to oil majors that have equities in African oil producers.

The November programs for West African crude will be released later this week and next week

(Sourced from ET)