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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
| View more.. | |
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