MRPL not looking to cut Iran import volumes

Indian refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) does not plan to reduce the volume of oil imports from Iran but it is facing problems in receiving shipments because of insurance and shipping difficulties caused by European Union sanctions on Tehran, a top official said.

July 27, 2012 / 16:57 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Indian refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) does not plan to reduce the volume of oil imports from Iran but it is facing problems in receiving shipments because of insurance and shipping difficulties caused by European Union sanctions on Tehran, a top official said.

Earlier, Managing Director P.P. Upadhya told reporters MRPL is increasing spot cargo purchases to make up for shortfall in Iranian imports.

Indian refiners cut imports from Iran by 18% in June from a year ago, in a third straight monthly decline.

first published: Jul 27, 2012 04:12 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347