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运费折扣促使印度HPCL以到岸价采购石油Freight discounts prompt India's HPCL to buy oil on delivered basis

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2025年10月30日,印度班加罗尔,一座加油站外展示着印度斯坦石油公司的标志。路透社/普里扬舒·辛格The Hindustan Petroleum logo is displayed outside a fuel station, in Bengaluru, India, October 30, 2025. REUTERS/Priyanshu Singh

印度国有的印度斯坦石油公司(HPCL)主席周五表示,随着生产商为抵消更高的运费而对滞留货物提供折扣,该公司正越来越多地以到岸价(delivered basis)采购中东原油。该炼油商直接运营三座炼厂,总产能为日产67万桶。

India's state-run Hindustan Petroleum Corp is increasingly buying Middle Eastern crude on a delivered basis, as producers with stranded cargoes offer discounts to offset higher freight costs, its chair said on Friday. The refiner directly operates three refineries with a combined capacity of 670,000 barrels per day.

HPCL主席维卡斯·考沙尔(Vikas Kaushal)在公司9月季度业绩发布后的分析师电话会上表示:“就所有实际目的而言,目前我们几乎关注的一切都是以到岸价为基础,除非我们认为派船自提会更便宜。”

"For all practical purposes right now almost everything we are looking at is on landed basis except where we think we can send a ship and pick it up cheaper," said Vikas Kaushal on an analyst call after HPCL's September-quarter earnings.

随着伊朗战争进入第八个月,中东供应中断促使亚洲炼油商以到岸价采购中东现货原油。

Supply disruptions from the Middle East, as the Iran war enters its eighth month, have pushed Asian refiners to buy spot Middle Eastern oil on a delivered basis.

针对穿越霍尔木兹海峡船只的袭击也收紧了运力供应,并将运费推向接近历史高位。

Attacks on vessels transiting the Strait of Hormuz have also tightened shipping availability and driven freight rates close to record highs.

HPCL财务总监斯里维迪亚·文卡塔拉曼(Srividya Venkataraman)表示,7月至9月运费较上一季度翻了一番。

Freight rates doubled in July to September from the previous quarter, HPCL finance chief Srividya Venkataraman said.

她表示,苏伊士型油轮运输原油的成本已升至每桶约9美元,而6月季度为每桶3至4美元。

The cost of shipping crude on a Suezmax tanker has risen to about $9 per barrel from $3 to $4 in the June quarter, she said.

考沙尔说:“对到岸价格的影响可能不像你们从外部想象的那么大,因为石油生产商也被卡住了。”他补充称,滞留货物生产商的实际回报远低于公开报道的水平。

"The impact on landed prices might not be as much as you guys think from outside because the producers of oil are also stuck," Kaushal said, adding that returns to producers with stranded cargoes were much lower than publicly reported.

他表示,到岸价货物此前约占HPCL原油进口量的一半。为避免自有船只面临袭击及地区冲突相关的其他风险,公司正越来越多地选择到岸价货物。

He said delivered cargoes previously accounted for about half of HPCL's crude imports. The company is increasingly opting for delivered cargoes to avoid exposing its own vessels to attacks and other risks linked to the regional conflict.

考沙尔还表示,HPCL预计将于12月在其日产18万桶的拉贾斯坦炼厂开始生产高硫燃料油。他称,该炼厂目前以60%产能运行,预计将在12月底或明年1月初达到满负荷产能。

Kaushal also said HPCL expects to start producing high-sulphur fuel oil at its 180,000-bpd Rajasthan refinery in December. The refinery is operating at 60% capacity and is expected to reach full capacity by end-December or early January, he said.

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