From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)MRPL shifts to delivered-basis crude oil purchases to reduce shipping risks
What's behind this
Mangalore Refinery and Petrochemicals Ltd (MRPL) is moving to a delivered‑basis model for its crude oil purchases to lower shipping risks linked to the Iran war. The Karnataka‑based refiner is also broadening its supply sources to include the Middle East, Russia and other regions, aiming to keep its 300,000‑barrel‑per‑day refinery running at full capacity. CFO Devendra Kumar highlighted the shift as part of the strategy to maintain operations despite geopolitical uncertainties.
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Mangalore Refinery and Petrochemicals Ltd plans to increase crude oil purchases on a delivered basis. This strategy aims to reduce shipping risks related to the ongoing Iran war. The company is also looking to diversify its crude sourcing to maintain full refinery capacity. CFO Devendra Kumar…
RSS excerpt
The Karnataka-based refiner is diversifying supplies from the Middle East, Russia and other regions to keep its 300,000 barrels-per-day refinery operating at full capacity
