NEW DELHI/SINGAPORE: India's state-owned Mangalore Refinery and Petrochemicals Ltd is seeking to import oil via a spot tender and has, for the first time, asked suppliers to avoid using the Red Sea and the Strait of Hormuz, a tender document showed on Monday. Red Sea traffic has been disrupted off the coast of Yemen since last week by the Tehran-aligned Houthis, who want to blockade Saudi exports, expanding the U.S.-Iran conflict that has already choked oil supply through the Strait of Hormuz.Also Read: Saudi oil can still get out — but it won’t be cheap or easy "Crude loading/transit via Red Sea route or SoH to be avoided," MRPL said in a tender document seeking up to 1 million barrels of oil on a delivered basis during August 25 to September 6. The company, which did not award its previous tender seeking oil, is the first Indian refiner to include such a clause in its spot crude import tenders. MRPL did not immediately respond to a Reuters request for comment.Also Read: Red Sea shipping slows after Houthi attack on Saudi Arabia MRPL has taken a "precautionary view" as it wants to avoid a potential supply disruption along two of the world's key maritime oil trade routes, said a source familiar with the matter. The new clause would continue to be a part of future import tenders if the situation in the Middle East does not improve, the source added. MRPL, a subsidiary of state-run explorer Oil and Natural Gas Corp, operates a 300,000 barrels per day refinery in the southern Indian state of Karnataka.
MRPL seeks crude via tender avoiding Red Sea and Hormuz, document shows
Mangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea and Strait of Hormuz. This precautionary measure aims to prevent potential disruptions to key maritime oil trade routes. The refiner previously did not award a tender seeking oil imports. This clause will remain in future tenders if the Middle East situation does not improve.













