The Hindustan Petroleum Corporation Ltd (HPCL) board may sign crude import pact the State Oil Company of Azerbaijan Republic (SOCAR)
K Murali, Director Refineries, Hindustan Petroleum Corporation Ltd was quoted as saying, "We are already in touch with them. We will take their offer to the board and take its approval. If everything goes well, we will start importing crude from this year itself in small quantities to start with."
Indian Oil Corporation imports around 20,000 barrels a day (equivalent to 2800 tons) from Azerbaijan since January, reports added.