Bloomberg News

Mangalore Refinery Reissues Offer to Sell Fuel Oil for June

May 18, 2012

Mangalore Refinery & Petrochemicals Ltd. (MRPL) reissued an offer to sell high-sulfur fuel oil for June loading from New Mangalore, India, according to documents sent to potential buyers.

Details of the offers are as follow:

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Product:    Fuel oil, 380 centistokes, with 4 percent sulfur
Quantity:   80,000 metric tons
Loading:    June 9 to June 11
Port:       New Mangalore, west coast of India
Bids close: May 22, 9:30 a.m. local time
Bids valid: May 22, 6:30 p.m. local time
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The company cancelled an earlier offer on May 11, which required bidding to close at 9:30 a.m. May 16. India’s Oil & Natural Gas Corp. owns 72 percent of Mangalore Refinery.

To contact the reporters on this story: Winnie Zhu in Singapore at wzhu4@bloomberg.net; Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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