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MRPL buys its first cargo of Brazil’s Ostra oil: Report

11 Jul 2015 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) has reportedly made its first purchase of Brazil’s Ostra crude. It bought a 900,000-barrel cargo for loading in the second half of August from Shell. The pricing is at a discount of about $1 a barrel to dated Brent on a delivered basis. The purchase is another sign that India is looking to diversify away from its traditional heavy consumption of Middle Eastern crude oil.

MRPL, a subsidiary of state-run exploration firm Oil and Natural Gas Corporation (ONGC), runs a coastal refinery in southern Karnataka state with a capacity of 300,000 bpd.

MRPL Share Price

167.90 12.50 (8.04%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 144.70
BPCL 302.85
HPCL 387.00
MRPL 167.90
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