Pause operations: company temporarily curtailing operations while keeping return options open
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Mangalore Refinery and Petrochemicals Limited (MRPL) is a leading oil refinery in India. It is a division of Oil and Natural Gas Corporation which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. Established in 1988, the refinery is located at Katipalla, north from the centre of Mangalore.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionBuys discounted 1 million barrels of Russian oil. Indian state refiners pause Russian oil purchases. Mangalore Refinery and Petrochemicals Ltd (MRPL) shares fell nearly 5% after the company confirmed it would stop importing and refining Russian crude oil in compliance with international sanctions. Despite the market reaction, MRPL said it did not expect any negative impact on sales in European markets and that the margin losses were offset by higher product margins, supported by strong third-quarter financial results.
| April 30, 2025 | Exclusive: Indian state refiners pause Russian oil purchases, sources say |
| April 04, 2022 | India's MRPL buys 1 million barrels of Russian Urals crude for May loading |