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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

164.70 2.25 (1.39%)
13-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1296.85
Indian Oil Corpn. 140.00
Bharat PetroleumCorp 307.50
HPCL 391.85
MRPL 164.70
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