SINGAPORE, May 22 (Reuters) - Indian refiner HindustanPetroleum Corp Ltd (HPCL) has bought 2 million barrels of BasraLight at the highest premium in years for the Iraqi crude,traders said on Friday.
HPCL bought the crude from BP via a tender at $1.40 a barrelabove the grade's official selling price (OSP), which will loadin June, they said.
The deal could not be independently verified.
Iraq cut supply of Basra Light to export more of its newheavy oil in June, causing the differentials for the two gradesto head in opposite directions. (Reporting by Florence Tan; Editing by Prateek Chatterjee)