India’s MRPL renews products deal with Mauritius

Market: Crude oil, Oil products
06/07/10

Indian state-owned refiner MRPL has renewed an oil products supply deal with Mauritius, supplying it with around 22,000 b/d for the next three years.

MRPL, the refining arm of state-owned upstream firm ONGC, will supply the Mauritius government's trading arm STC with jet fuel, gasoline, diesel and fuel oil in a deal that India's petroleum ministry estimates to be worth $2bn at current prices.

MRPL originally started supplying products to Mauritius in 2006 in a one-year deal, which was renewed for a three-year period in July 2007.

Mauritius' commerce and industries minister, Showkutally Soodhun, called for greater co-operation between the two countries in the downstream sector, calling for a joint venture to consider building a refinery for the Indian Ocean island nation.

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India’s MRPL renews products deal with Mauritius

Related news posts

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