It is reported that Mauritius has not renewed its fuel purchase deal with the Mangalore Refinery and Petrochemicals Ltd,a fully-owned subsidiary of Oil and Natural Gas Corporation (ONGC),a public sector Undertaking of Government of India. For more than a decade, MRPLhad been annually supplying about 1.1 million tonnes of refined oil products including gasoline, jet fuel,etc. According to Commerce and Industry Minister Ashit Kumar Gungah , Mauritius will be buying refined oil products from Vitol and PetroChina.He added that when compared to the offers from MRPL and the other selected suppliers, namely Vitol Bahrain E.C. and PetroChina International (Singapore) Pte Ltd, Mauritius will be able to save around $8.57 million for the six months period.
India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) in July 2010 signed a deal to supply fuel to Mauritius.The agreement was signed between Mauritius’s State Trading Corporation and MRPL, for the supply of 1.1 million metric tonnes of petroleum products per year, with the total value of the deal estimated at $2 billion at current prices.
