MRPL shuts its refining units amid oil supply crunch: Report
Mangalore Refinery and Petrochemicals Limited (MRPL) on Wednesday evening shut a crude unit and some secondary units at its refinery due to oil shortage, Reuters reported. MRPL, which stopped buying Russian oil last year, is mostly dependent on the purchase of oil from the Middle East. Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows.