MRPL bars Red Sea and Hormuz routes in crude tender
after close1 source ↓written by the desknot a recommendation
- loading scheduled between
- 25 Aug and 6 Sep
Mangalore Refinery and Petrochemicals Ltd has become the first Indian refiner to prohibit crude suppliers from using the Red Sea and Strait of Hormuz routes in its latest import tender. The tender seeks up to 1 million barrels of crude oil, with loading scheduled between 25 Aug and 6 Sep. This move reflects growing geopolitical concerns impacting India's oil supply chain.
Not investment advice. For informational purposes only.