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Asia Crude-India MRPL buys 1st sour cargo since Oct

Source : REUTERS
Last Updated: Thu, Jan 31, 2013 02:00 hrs

NEW DELHI, Jan 31 (Reuters) - India's Mangalore Refinery and Petrochemicals Ltd has bought a cargo of high sulphur crude via a spot tender, its first since October last year, trade sources said.

The refiner bought 650,000 barrels of Oman crude from Shell to load in March at about $1.40 a barrel above dated Brent on a cost-and-freight (C&F) basis, they said.

MRPL last bought sour crude in October when it sought cargoes to replace Iran supplies that were hit by Western sanctions. (Reporting by Nidhi Verma; Writing by Florence Tan; Editing by Ed Davies)



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