HPCL, MRPL seek up to six million barrels crude, documents show
HPCL plans to import up to 4 million barrels of crude for delivery in September and October, and MRPL is seeing up to 2 million barrels for October 10-20
Government-owned Indian oil refiners Hindustan Petroleum Corporation Limited and Mangalore Refinery and Petrochemicals Limited are requesting up to 6 million barrels of crude oil through unsolicited tenders, according to disclosed documents. HPCL intends to import a maximum of four million barrels of crude oil, setting delivery dates for September and October.
In contrast, MRPL seeks up to 2 million barrels of crude oil for delivery between October 10 and 20, as stated in the tender documents. The tender documents indicate that MRPL is requesting its suppliers to circumvent using the Red Sea and the Strait of Hormuz. Shipping traffic through the Strait of Hormuz has been minimal this week due to ongoing hostilities in the West Asia region.
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