Bloomberg News

Mangalore Refinery Offers Fuel Cargoes for Loading in August

July 22, 2012

Mangalore Refinery & Petrochemicals Ltd. (MRPL) offered to sell 111,000 metric tons of refined oil products for August loading, the company said in documents e-mailed to potential buyers.

Details of the offer are as follow:

-----------------------------------------------------------
Product:    High-speed diesel, or gasoil, with
            0.5 percent sulfur
Quantity:   40,000 tons
Loading:    Aug. 24 to Aug. 26
-----------------------------------------------------------
Product:    Aviation turbine fuel, comprising jet-kerosene
            and A1-grade jet fuel
Quantity:   36,000 tons
Loading:    Aug. 26 to Aug. 28
-----------------------------------------------------------
Product:    Naphtha
Quantity:   35,000 tons
Loading:    Aug. 28 to Aug. 30
-----------------------------------------------------------
Port:       New Mangalore, west coast of India
Bids open:  July 26, 9:30 a.m. local time
Bids close: July 27, 6:30 p.m. local time
-----------------------------------------------------------

Oil & Natural Gas Corp. (ONGC), India’s largest crude producer, owns 72 percent of Mangalore Refinery.

To contact the reporter on this story: Yee Kai Pin in Singapore at kyee13@bloomberg.net

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


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