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Mangalore Refinery

Mangalore Refinery

 

More Stories on Mangalore Refinery

India places orders to lift regular supplies from Saudi Aramco in June

May 07, 2021

The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month

IOC, BPCL to buy 36% less oil from Saudi Arabia in May

Apr 06, 2021

The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million barrels of Saudi oil in a month

India, the world's third-biggest oil importer and consumer, imports more than 80% of its oil needs and relies heavily on the Middle East

India mulls downsizing Saudi oil imports as Riyadh ignores New Delhi's calls

Mar 18, 2021

State refiners, which control about 60% of India's 5 million barrels per day (bpd) refining capacity, together import an average 14.7-14.8 million barrels of Saudi oil in a month, the sources said

State refiners stop oil imports from Chinese companies

Aug 28, 2020

Since the new order was issued, state refiners have been inserting a clause in their import tenders on new rules restricting dealings with companies from countries sharing a border with India, the sources said and the tender documents show

IOC mostly stays away from participating in term tenders for fuel exports as the refiner sells most of its fuel in the local market, besides supplying its retail outlets in Nepal and Bhutan

Indian Oil inches closer to winning first Mauritius fuels export deal

Aug 20, 2020

India's Mangalore Refinery and Petrochemicals Ltd supplied Mauritius' full requirement for fuel for 12 years to 2018/19. In 2019/20 refined fuels were supplied by Petrochina and Vitol

India plans to fulfill strategic oil storage by the third week of May

Apr 14, 2020

ISPRL wants to receive the cargoes before India's monsoon begins in May as the single point mooring system that can unload very large crude carriers (VLCC) at the port of Mangalore, which will feed two SPR sites, is shut during the three-month rainy season

The two firms paid Rs 185.38 crore each for acquiring 17.28 per cent more share in Petronet MHB Ltd

ONGC, HPCL buy out bankers in Petronet MHB for Rs 371 crore

Feb 28, 2020

A consortium of eight public sector banks held 34.56 per cent stake in Petronet MHB Ltd, where ONGC and HPCL held 32.72 per cent apiece

BPCL workers protest over PM Modi's privatisation plans

Nov 28, 2019

The sales are seen as a way to plug a widening fiscal gap as New Delhi looks to revive a slowing economy

"Vizag is currently filled up to 100 percent," the official said.

India's strategic petroleum reserve levels at 55% capacity, says official

Sep 16, 2019

India has three strategic reserves in the southern cities of Vizag, Mangalore and Padur.

Net profit in full 2018-19 fiscal dropped to Rs 332 crore from Rs 2,224 crore in the previous year.

Slowdown Blues: Mangalore Refinery and Petrochemicals profit down 41% in Q4 on lower refinery margins

May 14, 2019

Mangalore Refinery and Petrochemicals Ltd (MRPL) Tuesday reported 41 per cent drop in fourth-quarter net profit after refinery margins shrank.

HPCL has 23.8 million tonnes of annual oil refining capacity. Together with 15 million tonnes refinery of MRPL, it will become India's second-biggest state-owned oil refiner after Indian Oil Corp.

HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swap

Apr 28, 2019

HPCL is keen to get MRPL in its fold citing operational synergies. It has been talking of a combination of cash and share-swap for the deal that will make it India's third-largest oil refiner