MRPL to Turn Mauritius Into Petroleum Hub
- Business & Finance
India’s Mangalore Refinery and Petrochemicals Limited (MRPL) has signed a Memorandum of Understanding with STC Mauritius and IndianOil to set up a petroleum terminal to re-export petroleum products from Mauritius to Indian Ocean islands and mainland Africa.
This joint venture terminal to be constructed with an investment of around USD 130 million is expected to leverage oil trade in the region making Mauritius a petroleum hub, as well as enhancing the country’s oil supply security status.
Currently, MRPL exports about 1.2 mmtpa of petroleum products to Mauritius through STC-M. The company has been supplying the total fuel requirements of Mauritius through the STC-M since 2006.