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MRPL Buys Upper Zakum Crude in its 1st Sour Crude Tender in 2019

Indian refiner MRPL has bought 1 million barrels of Upper Zakum crude in the first sour crude tender issued by the refiner this year, a source familiar with the matter said.

 

The tender comes after India stopped lifting Iranian oil in May as Washington did not extend waivers from sanctions on Iran for Iranian oil buyers. MRPL bought the cargoes from Shell at $2.05 a barrel above Dubai quotes and they will load on Aug. 1-10, the source said.

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