Indian Oil Corp, the country’s prime refiner, has bought a cargo of Russia’s Sokol oil for November shipping complete a place offer with a trading business, a resource familiar with the issue reported.

The trader won the Sokol cargo at near parity with the Dubai benchmark in a the latest tender floated by Russian oil large Rosneft, the source reported. IOC did not answer to Reuters email in search of remark.

Rosneft very last month available six cargoes of Sokol crude for loading in November to early December, signaling that output from the Sakhalin-1 job may well be recovering adhering to the departure of former operator Exxon Mobil Corp.

The resource mentioned IOC had acquired that cargo at about flat to a small price cut to Dubai on a delivered foundation from a trader, 1 of those that became energetic in Russian oil immediately after imposition of western sanctions from Moscow next its late-February invasion of Ukraine.

Crude oil tanker Eurodignity started its voyage from Yeosu port in South Korea on Tuesday for arrival at Paradip port on Nov. 23, trade flows details on Refinitiv showed.

The resource explained IOC did not participate in the Rosneft tender as the Russian enterprise was inquiring for prepayment.

Ordinarily cargoes of Sokol oil are first transported from the De-Kastri terminal in Russia’s Significantly East employing ice-course vessels to South Korea, where by they are then reloaded onto typical tankers.