MRPL shifts crude purchases to delivered basis
In short
MRPL has moved to buying crude oil on a delivered basis to cut shipping risk. The Karnataka refiner is also spreading supplies across the Middle East, Russia and other regions, while trying to keep its 300,000 barrels-per-day refinery running at full capacity.
This matters because it may reduce supply disruption risk for MRPL. The report does not say when the change started or how much it will affect costs.
What the reporting says
MRPL shifted to delivered-basis crude oil purchases to reduce shipping risks, according to a publisher-supplied summary. The Karnataka-based refiner is also diversifying supplies from the Middle East, Russia and other regions to keep its 300,000 barrels-per-day refinery operating at full capacity. The reporting does not say when the shift began or how much the change will affect costs.
Why it matters
MRPL shifted to delivered-basis crude oil purchases to reduce shipping risks, while diversifying supply sources from the Middle East, Russia and other regions. The goal is to keep its Karnataka refinery running at 300,000 barrels per day at full capacity. The reporting does not state the timing of the shift, the pricing impact, or any operational disruption already avoided.