PSU PRESS RELEASE
MRPL receives first Iranian oil parcel in ISPRL Mangalore Cavern
Mangalore.MRPL received the first parcel of crude oil for delivery into the Mangalore cavern of Indian Strategic Petroleum Reserves Ltd ( ISPRL). The first parcel of 2,60,000 MT of Iran Mix crude was received in Very Large Crude Carrier (VLCC), MT DINO and started pumping into the Mangalore cavern for testing the facilities.
Shri Nalin Kumar Kateel, MP of Dakshina Kannada switched on the pump at MRPL SPM Booster Pump Station and the first parcel of crude delivery into the Mangalore cavern of ISPRL got underway. Shri B.A. Mohiuddin Bava, MLA Mangalore North, Shri Ganesh Karnik, MLC, Shri Rajan Pillai, MD & CEO, ISPRL were present along with Shri H Kumar MD, MRPL, Shri M Venkatesh, Director Refinery and Shri A K Sahoo, Director Finance on the occasion.
India will fill half of the storage with 6 million barrels of Iranian oil while continuing talks with United Arab Emirates and Saudi Arabia for the remainder.
A second parcel to be procured by Bharat Petroleum Corp. is scheduled to arrive around Oct. 25, two sources with direct knowledge of the matter said.
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