Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes

ONGC approves parent guarantee of $500 million for MRPL to import crude from Saudi Aramco

ONGC grants $500 million guarantee for MRPL to import crude oil from Saudi Aramco, valid for two years.

India Refiner Seeks Oil That Avoids Red Sea, Hormuz Chokepoints

Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes

India’s Mangalore Refinery and Petrochemicals Ltd. (MRPL) has become the first Indian refinery to tell crude suppliers to avoid both the Strait of Hormuz and the Red Sea, inserting the restriction into a spot tender for up to 1 million barrels of crude. The tender seeks cargoes for delivery between August 25 and September 6 and specifies that crude loading or transit through either the Red Sea or the Strait of Hormuz is to be avoided. Business S…

MRPL seeks crude via tender avoiding Red Sea and Hormuz

State-owned Mangalore Refinery and Petrochemicals Ltd is seeking ​to import oil via a spot tender and ‌has, for the first time, asked suppliers ​to avoid using the Red ⁠Sea and the Strait of Hormuz, a tender document showed on Monday.

Larry C. Johnson: Refinery Configuration Matters—But Markets Matter More

In a major disruption, the challenge facing Gulf Coast refiners would not be an inability to process heavy sour crude. It would be the escalating cost of acquiring the heavy sour crude upon which that refining system depends. Read Article HERE