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Indian Oil Corp

06 Apr 2017

Iran dismisses India's threat to cut oil imports

Iran has dismissed India's decision to cut oil imports from Tehran by a fifth over delay in award of a gas field and said it has other buyers.

Mangalore Refinery and Petrochemicals Ltd

12 May 2016

MRPL hopeful of resolving opposition to land acquisition

Vishwesha Tirtha Swami of Pejawar Mutt is opposing the government providing 1,050 acres of land for the expansion of MRPL, contending that the farmers of the region were totally against the land acquisition.

14 Apr 2016

Iran ends free oil shipping to India, demands payment in Euros

Iran, no longer under sanctions, has ended free shipping of crude oil to India and has terminated a three-year old system of getting paid for half of the oil dues in rupees

07 Feb 2016

Iran asks India to clear dues worth $6 bn in euros within six months

With US lifting sanctions, Iran has told Indian authorities that the three-year old mechanism, paying 45 percent of oil import bill in rupees and keeping the remaining 55 percent pending for payment channels to clear, has come to an end.

Mangalore Refinery and Petrochemicals

08 Oct 2015

MRPL plans to set up LNG Terminal at Mangalore port

Mangalore Refinery and Petrochemicals (MRPL) will explore a possibility of setting up a fixed or landbased LNG import terminal at Mangalore port.

30 Sep 2015

Indian oil companies pay $700 mn to Iran for oil

Essar Oil, MRPL and other Indian refiners today paid Iran USD 700 million to clear over one-tenth of their outstanding oil dues, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.

20 Aug 2015

Iran asks India to clear $6.5-billion oil dues in 2 months

Iran has asked India to pay within two months USD 6.5 billion in past oil dues, partly in rupees and rest in dollars or euros, a top official said.

22 May 2015

MRPL Q4 net profit up 9.6%; to foray into fuel retailing business

The company had a foreign exchange gain of Rs 168 crore. It earned good refining margin, earning USD 8.56 on turning every barrel of crude oil.

Mangalore Refinery and Petrochemicals Ltd

09 Apr 2015

Mangalore Refinery eyes OMPL's $1 bn petchem plant

The board of Mangalore Refinery and Petrochemicals Ltd (MRPL) on Thursday set up a committee of directors to explore the possibility of taking over a USD 1 billion petrochemical plant adjacent to its refinery.

09 Feb 2015

MRPL raises stake in ONGC Mangalore Petrochemicals to 46%

The company, a subsidiary of Oil and Natural Gas Corp (ONGC), bought some 25,000 equity shares of Rs 10 each from mostly employees.

21 Oct 2014

India pays $400 million in oil dues to Iran

India on Tuesday paid Iran USD 400 million to clear part of its past dues for crude oil its buys from the Persian Gulf nation and will pay another USD 500 million by the month end.

15 Sep 2014

Govt sacks all five independent directors of MRPL

With this, the board has lost its power to pass accounts, or take any large investment decisions.

31 Aug 2014

After IOC, govt to sack ind directors of ONGC, HPCL, MRPL

After sacking four independent directors of IOC, the Narendra Modi-government is now seeking to remove nine similar Congress-appointees from the board of ONGC, HPCL and MRPL.

Mangalore Refinery

01 Aug 2014

MRPL gets new managing director

Mangalore Refinery and Petrochemicals Ltd said on Friday its head of finance Vishnu Agrawal will take on the additional charge of managing director.

15 Jul 2014

ONGC to sell stake in Mangalore petchem project to MRPL

ONGC holds 46 percent stake in OMPL which is building a Rs 6,400-crore Aromatic Complex in Mangalore Special Economic Zone.

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