India firm buys Nigeria, DRC crude oil

India’s Mangalore Refinery and Petrochemicals (MRPL) has bought 1.3 million barrels of West African crude oil for loading in January and February via tender, trade sources said yesterday.

MRPL  according to Reuters News, bought 650,000 barrels of Nigerian Escravos crude oil for January lifting from Chevron at a premium of about $3.00 over dated Brent on an fob basis, they said.

The Indian refiner also bought 650,000 barrels of Coco, a crude oil produced in the Democratic Republic of Congo, from Shell for lifting in February at a premium of about $5.00 over dated Brent on a cost plus freight
basis, they said.

MRPL operates a 236,400-barrel-per-day (bpd) coastal refinery in southern India

One Comment

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