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Wed 9 Apr 2008 08:46

Indian firm offers 480,000 mt of 380cst via tender


Refinery offers to export fuel oil cargo via tender for June-November lifting.

Mangalore Refinery and Petrochemicals Ltd(MRPL) is reported to have offered to export 480,000 metric tonnes of fuel oil via a tender for June-November lifting, according to Reuters .

The Indian refinery, which is owned by Oil and Natural Gas Corporation Ltd.(ONGC) is said to have offered six 80,000 tonne parcels of 380cst with 3.5% sulpur content, for loading from its New Mangalore terminal on a free-on-board (FOB) basis.

MRPL has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have 2 hydrocrackers producing premium diesel (High Cetane). Before it was acqured by ONGC in March 2003, MRPL was a joint venture between M/s Hindustan Petroleum Corporation Limited (HPCL) and M/s IRIL & Associates.

The refinery had an initial processing capacity of 3 million metric tonnes per annum, which was later expanded to its present capacity of 9.69 million metric tonnes.

The tender closes on April 16 and will remain valid until the next day.

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