Mangalore Refinery & Petrochemicals (MRPL) has reportedly inked its first term contract with Iraq as the company is looking for diversifying its crude imports. The company produces a 300,000 barrel per day refinery in the southern state of Karnataka. The company is set to buy 1.5 million tonnes of Basra oil in 2019 from SOMO.
MRPL is engaged in the business of refining crude oil. It offers high speed diesel oil, fuel oil and motor spirit. It operates as a subsidiary of Oil and Natural Gas Corporation.