Mangalore Refinery and Petrochemicals Ltd (MRPL) has bought 1 million barrels of Russian Urals crude for may loading via tendering process. The purchase is said to be driven by huge discount on offer.
Refiners from the country have been snapping up Russian Oil through spot tenders since the invasion of Ukraine by Russia on February 24.
With this latest order for crude from Russia the overall Indian booking for oil has reached 14 million barrels since February 24. The country however, has imported 16 million barrels of Russian oil in all 2021.
The US has said that it does not set any red line for India on its energy imports from Russia, but it does not want to see a rapid acceleration in purchases.
Tags: Discounted Oil, Indian Refineries, Mangalore Refinery, Russian Oil
Recent Posts
Wärtsilä to Power USA’s First All-Electric High-Speed Ferries in San Francisco Bay
ABS and Pusan National University Chart a Course for Liquid Hydrogen Shipping
RIC Energy and Siemens Partner to Advance Green Hydrogen and E-Fuels Projects in Spain
Moeve to Supply 40,000 Tons of 2G Marine Biofuel to Grupo Armas Trasmediterránea in Canary Islands
Smart Green Shipping Completes Successful Sea Trials of Wind-Assisted Propulsion System
CMA CGM Unveils Vietnam’s First Fully Electric River Barge in Collaboration with NIKE
Vietnam and France Join Forces to Explore Green Hydrogen for Remote Islands
Port of Rotterdam Tests Electric Hydrofoil Vessel in Push for Sustainable Operations