MRPL seeks to avoid Red Sea and Hormuz
Synopsis Mangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea and
Synopsis Mangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea and Strait of Hormuz.
This precautionary measure aims to prevent potential disruptions to key maritime oil trade routes. The refiner previously did not award a tender seeking oil imports.
This clause will remain in future tenders if the Middle East situation does not improve.
The BriefWire