{"id":271130,"date":"2019-04-25T06:42:57","date_gmt":"2019-04-25T06:42:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271130"},"modified":"2019-04-25T06:42:57","modified_gmt":"2019-04-25T06:42:57","slug":"oil-imports-mangalore-refinery-to-explore-us-oil-for-supplies-beyond-iran","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-imports-mangalore-refinery-to-explore-us-oil-for-supplies-beyond-iran\/","title":{"rendered":"Oil imports: Mangalore refinery to explore US oil for supplies beyond Iran"},"content":{"rendered":"<p>Mangalore Refinery and Petrochemicals (MRPL), which imports a fourth of its annual crude oil requirement from Iran, is exploring the option of long-term contract with the US apart from increased sourcing from Saudi Arabia, Iraq, UAE, Kuwait and west African countries, given imports from the sanction-hit country will have to be stopped starting May 2.<\/p>\n<p>\u201cGoing forward, we will explore import options from the US by evaluating the economics of handling US crude,\u201d said M Venkatesh, managing director at MRPL, adding that all options are open and the company will opt for the most viable option.<\/p>\n<p>In 2017-18 crude processed by MRPL, a subsidiary of ONGC, stood at 16.31 million tonne. The company has an annual deal to buy 4.5 million tonne of oil from Iran with an option to buy an additional 1 million tonne. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mangalore Refinery and Petrochemicals (MRPL), which imports a fourth of its annual crude oil requirement from Iran, is exploring the option of long-term contract with the US apart from increased sourcing from Saudi Arabia, Iraq, UAE, Kuwait and west African countries, given imports from the sanction-hit country will have to be stopped starting May 2. \u201cGoing forward, we will explore import options from the US by evaluating the economics of handling US crude,\u201d said M Venkatesh, managing director at MRPL, adding that all options are open and the company will opt for the most viable option. In 2017-18 crude processed [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-271130","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271130"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271130\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}