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India’s MRPL buys rare Azeri Lt crude for September delivery, sources say

Mangalore Refinery and Petrochemicals Ltd MRPL has bought two Azeri Light crude cargoes from Trafigura for September delivery via a tender, trade sources said on Monday, a rare purchase of the grade for the Indian refiner.

The price for the 650,000-barrel cargoes was not immediately clear.

The purchase came after the grade’s spot premiums slipped to their lowest level in 4 years following quality issues.
Source: Reuters



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