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MRPL inks first term contract with Iraq: Report

30 Nov 2018 Evaluate

Mangalore Refinery & Petrochemicals (MRPL) has reportedly inked its first term contract with Iraq as the company is looking for diversifying its crude imports. The company produces a 300,000 barrel per day refinery in the southern state of Karnataka. The company is set to buy 1.5 million tonnes of Basra oil in 2019 from SOMO.

MRPL is engaged in the business of refining crude oil. It offers high speed diesel oil, fuel oil and motor spirit. It operates as a subsidiary of Oil and Natural Gas Corporation.

Peers
Company Name CMP
Reliance Industries 1175.45
Indian Oil Corpn. 126.45
Bharat PetroleumCorp 285.80
HPCL 329.65
MRPL 173.60
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