ONGC exports hit : MRPL to source crude from ONGC for Apr, May

19-Mar-08
India's Oil and Natural Gas Corp will not issue tenders to sell April and May loading Sudanese Nile Blend crude as it plans to supply the equity crude to its subsidiary Mangalore Refinery and Petrochemicals (MRPL). MRPL runs a 194,000 bpd refinery in the southern Indian state of Karnataka. ONGC regularly sells 600,000 barrels a month of the Sudanese heavy sweet crude for loading the next month. ONGC holds a 25% stake in the Greater Nile project. Production of Nile Blend from the project has fallen to around 250,000 bpd, leaving ONGC with less than 2 mln barrels a month.
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