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Hindustan Petroleum Corporation Limited, commonly referred to as HP, is an Indian oil and gas refining company headquartered in Mumbai. Since 2018, ONGC has owned a majority stake in the company. The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016.

 
 
 
 
 
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Glob.Revenue, mln.USD
51544
The Company Statement
February 21, 2023

Made a rare purchase of 2 million barrels of Russian Urals crude for loading in May 2022. India’s state-owned refiner Hindustan Petroleum Corp Ltd is facing payment issues for its purchases of Russian crude oil due to a price cap imposed on exports from the OPEC+ producer.

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Statements Archive
August 08, 2025No direction from govt to buy or stop Russian oil intake: HPCL
July 31, 2025Exclusive: Indian state refiners pause Russian oil purchases, sources say
April 01, 2025Trump’s Russian Oil Threat Pushes India to Seek Alternatives
February 28, 2025HPCL may be hit by short-term non-availability of Russian oil but sees no shortfall in oil supply
December 24, 2024Indian state refiners may buy Mideast spot oil to replace Russian shortfall
December 23, 2024India’s State Oil Refiners Struggle to Get Russia Crude Supplies
March 06, 2024India Cautious on Contracted Russian Oil as US Sanctions Bite
February 27, 2024OMC stocks off highs after Russia bans petrol exports for 6 months; IOC, HPCL down 3%
February 09, 2024Indian companies are negotiating oil supplies from Russia
October 16, 2023Exclusive: As India frowns on paying for Russian oil with yuan, some payments held up
June 23, 2023Cocoa Products Exports into Russia
March 17, 2022Indian refiner HPCL in rare buy of Russian Urals crude -sources
Demand to Leave Russia:Petition text has been copied to the clipboard.
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