MRPL draws up alternatives
Mangalore Refinery and Petrochemicals Ltd ( ) has drawn up a plan including tapping spot markets for more high sulphur oil as imports from Iran, its biggest supplier, have been hit by western sanctions, its managing director said on Tuesday. Refiners in India, Iran's biggest oil client after China, have struggled to find insurance and shipping for imports since the European Union brought in sanctions on July 1 banning most major insurance firms from covering Iranian oil shipments. The sanctions against Iran's nuclear programme, which the ...
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