Excerpts from the article “MRPL to receive Iranian cargo after four-month gap” which appeared in The Economic Times on 12/08/2013
– Mangalore Refinery and Petrochemicals Ltd said on Monday it expects to receive an Iranian oil cargo by the end of this week, the firm’s first purchase from the sanctions-hit nation since April.
– The resumption of shipments by MRPL, Iran’s top Indian client until the firm halted imports in April, will boost India’s flagging Iranian oil imports, which more than halved in June from a year ago.
– It (the cargo) was loaded at Kharg (island) on 8th and 9th of this month and is likely to reach Mangalore by the end of this week.
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