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MRPL buys 1 mln barrel cargo of Djeno crude from Glencore

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Reuters NEW DEHLI
Last Updated : Mar 17 2015 | 10:22 PM IST

NEW DEHLI (Reuters) - Mangalore Refinery and Petrochemicals Ltd bought a one million barrel cargo of Congolese Djeno crude oil via a tender, an industry source with knowledge of the matter said. 

Sources said the cargo, which Glencore sold at a roughly $5 a barrel discount to dated Brent on a loading basis, marks the first time the firm has bought Djeno. The cargo will load in the second half of April.

MRPL operates a 300,000 barrels a day coastal refinery in southern Karnataka state. 

(Reporting By Nidhi Verma, writing by Libby George; editing by Susan Thomas)

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First Published: Mar 17 2015 | 10:07 PM IST

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