MRPL.NSEMangalore Refinery & Petrochemicals Ltd.
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Mangalore Refinery & Petrochemicals Ltd.500
In Win For Putin, India Buys 60 Million Barrels Of Russian Oil, As Refiners Increasingly Transact In Yuan, Dirham
In Win For Putin, India Buys 60 Million Barrels Of Russian Oil, As Refiners Increasingly Transact In Yuan, Dirham Indian refiners have bought about 60 million barrels of Russian oil for delivery next month, which is set to ease some supply concerns as the Middle East war chokes flows. Citing people familiar, Bloomberg reports that the cargoes were booked at premiums of $5 to $15 a barrel to Brent. The volume is similar to the amount of purchases for this month, but more than double than that for February, according to data intelligence firm Kpler. The buying spree followed a US waiver that allowed India to take Russian oil that was already loaded onto vessels before March 5 to offset shortages caused by the effective closure of the Strait of Hormuz. The measure was subsequently expanded to include other countries and updated to allow purchases of crude already at sea before March 12. India has bought ~60 million barrels of Russian oil in March, and already booked a similar amount for delivery in April.
cityfalcon.com·8d ago
India buys 60 million barrels of Russian oil for April
Indian refiners are boosting Russian oil imports by 60 million barrels next month, a significant jump to counter Middle East supply disruptions. This move, facilitated by a US waiver, sees major players like Mangalore Refinery returning to Russian crude. The nation is also increasing Venezuelan oil purchases, as Russia enjoys renewed export profits.
cityfalcon.com·8d ago
Plant status: India’s MRPL shuts PP unit due to feedstock constraints
MUMBAI (ICIS)--Here is a plant status report: Name: Mangalore Refinery and Petrochemicals Limited (MRPL) Location: Mangalore (Karnataka), India Products: Polypropylene (PP) Capacity (tonnes/year):...
cityfalcon.com·10d ago
Tanker laden with Russian oil arrives in India
A Russian oil-laden tanker, MT Aqua Titan, chartered by Mangalore Refinery and Petrochemicals Ltd (MRPL), has arrived in India on Sunday amid growing concerns over global energy supply due to the escalating conflict in West Asia, reported ANI. The tanker is currently anchored in the Arabian Sea, about 10 nautical miles off the Mangaluru coast. Its arrival comes at a time when global energy markets remain volatile, with supply chain disruptions and geopolitical tensions impacting crude and energy availability. Earlier in the day, a cargo ship carrying Liquefied Petroleum Gas (LPG) from Texas, United States, arrived at the New Mangalore Port in Mangaluru.
cityfalcon.com·11d ago
Russian crude cargo arrives off Mangaluru
Mangaluru: A Russian oil-laden tanker, MT Aqua Titan, chartered by Mangalore Refinery and Petrochemicals Ltd (MRPL), has arrived in India on Sunday amid growing concerns over global energy supply due to the escalating conflict in West Asia.The tanker is currently anchored in the Arabian Sea, about 10 nautical miles off the Mangaluru coast. The tanker was expected to arrive in India on Saturday.Also Read: A war in West Asia without winners — except may be Russia’s oil machineIts arrival comes at a time when global energy markets remain volatile, with supply chain disruptions and geopolitical tensions impacting crude and energy availability.Earlier in the day, a cargo ship carrying Liquefied Petroleum Gas (LPG) from Texas, United States, arrived at the New Mangalore Port in Mangaluru.On Friday, the Shipping Ministry informed that New Mangalore Port has waived cargo-related charges for crude oil and LPG from March 14 to 31. It also said that there is no congestion reported at any port.During the interministerial briefing, Special Secretary of the Shipping Ministry, Rajesh Kumar Sinha, said all 22 Indian ships and 611 sailors in the Persian Gulf are safe amid the West Asia conflict."There has been no report of any maritime incident in the last 24 hours.
cityfalcon.com·11d ago
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