Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
HINDOILEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HOEC has started reselling B-80 crude oil cargo to a third-party buyer, following an earlier disclosure about crude supply from the B-80 field to HPCL. The B-80 crude is currently stored in HPCL's Mumbai Refinery storage tanks, mixed with other crudes. The company says it and HPCL are continuing constructive discussions and working towards an amicable resolution of the matter, suggesting an ongoing commercial negotiation or dispute related to the original supply arrangement.
The resale to a third party indicates HOEC is actively managing its crude inventory amid unresolved commercial discussions with HPCL. Until a resolution is reached, this situation could create uncertainty around future revenue from the B-80 field.