Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes

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India's Mangalore Refinery and Petrochemicals Ltd. (MRPL) has instructed crude suppliers to avoid routing through the Strait of Hormuz and the Red Sea for a spot tender of up to 1 million barrels of crude, with delivery between late August and early September. This is the first time an Indian refinery has imposed such a restriction, likely reflecting geopolitical or security concerns.

India’s Mangalore Refinery and Petrochemicals Ltd. (MRPL) has become the first Indian refinery to tell crude suppliers to avoid both the Strait of Hormuz and the Red Sea, inserting the restriction into a spot tender for up to 1 million barrels of crude. The tender seeks cargoes for delivery between August 25 and September 6 and specifies that crude loading or transit through either the Red Sea or the Strait of Hormuz is to be avoided. Business Standard reported that no previous Indian refiner has included the requirement in a spot crude import…