Logo

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



Source

Related News

Middle East war putting European industries under ...

2 hours ago

Korea seeks Russian crude at sea, even via contrac...

53 minutes ago

Asian refiners step up arb buying as Mideast shock...

21 minutes ago

India may impose anti-dumping duty on Chinese LNG ...

10 minutes ago

Coal gasification key to India’s energy security a...

46 minutes ago