Hindustan Oil Exploration Company Limited has informed the Exchange about General Updates
HINDOILEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HOEC has informed exchanges that the resale of B-80 crude oil cargo to third-party buyers has commenced. The crude is currently stored in HPCL's Mumbai Refinery storage tanks, mixed with other crudes. This disclosure is a continuation of an earlier update regarding crude oil supply issues from the B-80 field to HPCL. The company and HPCL remain in constructive discussions working towards an amicable resolution of the matter. The Managing Director and CEO Baroruchi Mishra signed the filing dated May 18, 2026.
The resale to third parties suggests commercial disagreements with HPCL over the B-80 crude supply arrangement. While ongoing negotiations indicate the relationship remains intact, investors should monitor for resolution timelines and any impact on revenue realisation from the B-80 field production.