MoneyWorks4Me

MRPL commissions Single Point Mooring system

02 Sep 2013 Evaluate

Mangalore Refinery and Petrochemicals’ (MRPL) SPM off Tannirbavi coast has been successfully commissioned. `Ratna puja' carrying 87610.817 MT of Arab Extra Light crude completed discharge of their cargo through the company's Single Point Mooring system. This facility will enable the company to receive crude in Suez Max/ VLCC vessels, which in turn will give freight economics and allow access to West African and Latin American countries crudes.

This facility will also decongest existing berth facility at NMPT port for enhanced capacity operation of the Refinery and reduce the incidence of demurrage. This facility is also intended for crude receipt by the Indian Strategic Petroleum Reserve (ISPRL) underground cavern for storage of crude at Mangalore. Commissioning of the SPM is expected to improve the bottom line of the Company.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
View more..