Address : Materials Department Mrpl
Kuthethoor P.O., Via Katipalla, Mangalore, India - 575 030
Total throughput of the refinery stood at 4.29 million tonnes during the fourth quarter of 2018-19 as against 4.31 million tonnes in Q4 of previous fiscal, MRPL
said in a statement.
Since February 2013, refiners like MRPL
and Essar Oil have been paying 45 per cent of dues on purchase of crude oil from Iran in rupees through UCO Bank, Kolkata.
, a unit of stateowned Oil and Natural Gas Corp (ONGC), reported a net profit of ` 1,067 crore in the fourth quarter on the back of foreign exchange and inventory gains.
"...MRPL would take all necessary steps for recommencement of import/processing of Iranian crude oil in its refinery," MRPL
Following the restructuring, M&M will buy Renault's equity stake in MRPL
, resulting in MRPL
becoming a 100 per cent Mahindra group owned company.
Upadhya, managing director of Mangalore Refinery and Petrochemicals Ltd (MRPL
), told Reuters in a telephone interview.
"Refineries processing Iranian crude would be severely hit," MRPL
told India's oil secretary in a letter dated Feb.
, Iran's biggest Indian client, aims to buy 100,000 barrels per day (bpd) from Iran in the year to March 31, 2013, a decline of 20 per cent from a year ago, helping India secure a waiver from US sanctions targeting financial institutions.
is buying oil on a free-on-board (FOB) basis with insurance covered by the Iranian firm.
officials could not immediately be reached for comment.
Sanjay Varkey, Chief Executive Officer, Shell MRPL
Aviation Fuels and Services Private Limited commented: "We are delighted to expand our network in India and hope to serve an increasing number of customers that see value in being fuelled by Shell.