MRPL Secures 2 Million Barrels of Murban Crude from Glencore for December Delivery

In a strategic procurement move, MRPL has finalized a deal to buy 2 million barrels of Murban crude from global commodity trader Glencore. The purchase was made through a tender process and is scheduled for delivery in December 2025. Murban, a light crude grade produced in the UAE, is known for its high yield of middle distillates and is a preferred feedstock for Indian refiners.

This marks one of MRPL’s key crude acquisitions as Indian refiners diversify sourcing in response to evolving geopolitical dynamics, including U.S. sanctions impacting Russian oil flows. The deal also reflects India’s growing engagement with Middle Eastern suppliers to ensure energy security and price stability.

Major takeaways and notable updates

• Buyer: Mangalore Refinery and Petrochemicals Ltd (MRPL)  
• Seller: Glencore  
• Volume: 2 million barrels of Murban crude  
• Delivery: Scheduled for December 2025  
• Procurement method: Competitive tender  
• Strategic context: Diversification amid reduced Russian crude availability  
   

Sources: Business Recorder, OilPrice.com, MSN News