Mangalore Refinery & Petrochemicals Ltd. said Friday
that it expects to use Indian-flagged vessels to import crude oil from Iran
because it is unable to use Iranian ships due to sanctions imposed by
the U.S. and the European Union.
MRPL managed to import just one cargo of crude oil from Iran
in July against its entitlement of four, Managing Director P. P.
Upadhya said at a news conference. However, the company had no plan to
suspend imports of Iranian crude, he said.
MRPL, a unit of Oil & Natural Gas Corp., has a
contract to import around 5 million metric tons of crude oil in the
financial year that ends March 31. It imported 1.2 million tons during
the April-June period.