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Desk #1 — General Stability Evaluation (insert After Section
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Fair Play Verification
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For HPCL, this marks its first purchase of Venezuelan crude. The vendor is commodity trader Trafigura, the sources said. The cargo shall be shipped on a single very giant crude provider (VLCC), with IOC lifting around 1.5 million barrels and HPCL taking about 500,000 barrels. India’s state-run refiners have turned to Venezuela for recent crude provides as they recalibrate sourcing methods.