Mangalore Refinery and Petrochemicals (MRPL), has resumed crude oil imports from Iran after a gap of four months. The company, on August 17, received a ship carrying 75,000 tonnes of crude oil from Iran and has also booked at least three other similar sized cargoes for delivery this month and the next.
MRPL, which imported 3.9 million tonnes of crude oil from Iran in 2012-13, had not imported any oil from the Persian Gulf nation, as insurance companies declined to extend full coverage to refiners processing Iranian crude due to US sanctions.
MRPL is a joint venture oil refinery promoted by Hindustan Petroleum Corporation (HPCL), a public sector company and IRIL & Associates (AV Birla Group). It has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing Premium Diesel (High Cetane).
MRPL, which imported 3.9 million tonnes of crude oil from Iran in 2012-13, had not imported any oil from the Persian Gulf nation, as insurance companies declined to extend full coverage to refiners processing Iranian crude due to US sanctions.
MRPL is a joint venture oil refinery promoted by Hindustan Petroleum Corporation (HPCL), a public sector company and IRIL & Associates (AV Birla Group). It has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing Premium Diesel (High Cetane).
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