1 month ago
MRPL Diversifies Crude Sourcing Amid West Asia Crisis
MRPL is an oil company that buys crude oil from many parts of the world.
It says it does not want to depend too much on one region, supplier, or shipping route.
This approach is meant to help it keep receiving oil during disruptions.
The company reduced its purchases from West Asia.
It also reduced its use of Russian crude.
These changes show that MRPL is spreading its purchases across different sources.
The company is also using artificial intelligence in its refinery.
AI helps predict some chemical results and manage power and steam use.
MRPL said these systems have helped reduce delays and save oil.
MRPL said no single geography, supplier, or shipping route is decisive for its crude sourcing.
West Asian crude fell from about 66% in 2022-23 to around 27% in the first quarter of 2026-27.
The company reduced its reliance on Russian crude from 44% to approximately 27-28%.
Managing Director and CEO M Shyamprasad Kamath said MRPL sources crude from regions worldwide.
MRPL is using artificial intelligence for refinery operations, including process prediction and power optimization.
- Who
- Mangalore Refinery and Petrochemicals Limited (MRPL), represented by Managing Director and CEO M Shyamprasad Kamath.
- What
- MRPL described its diversified crude-sourcing strategy and its use of artificial intelligence in refinery operations.
- Where
- At MRPL’s annual general meeting; the company sources crude from regions across the globe.
- When
- The remarks were made at MRPL’s 38th annual general meeting and published on August 24, 2026.
- Why
- MRPL is diversifying to avoid dependence on any single geography, supplier, or shipping route amid concerns about the West Asia crisis.
Key facts
- Company
- Mangalore Refinery and Petrochemicals Limited (MRPL)
- West Asian crude share
- About 66% in 2022-23; around 27% in the first quarter of 2026-27
- Russian crude share
- Reduced from 44% to approximately 27-28%
- Sourcing approach
- Diversification across regions, suppliers, and shipping routes
- AI application
- Real-time prediction of melt flow index and xylene solubility in the polypropylene unit
- Power-plant application
- A real-time optimizer manages changing power and steam demand
- Reported benefit
- The AI systems helped address laboratory-analysis delays and save oil
Quotes
M Shyamprasad Kamath
Managing Director and CEO of Mangalore Refinery and Petrochemicals Ltd
“We have also reduced our supplies from Russian barrels from 44 per cent to around 27-28 per cent”
thehindubusinessline.com
Sources
Related news
India’s Russian Crude Imports Fall as Refiners Diversify
India May Rely More on Russian Crude as Routes Tighten
Indian Refiners Face Rising Crude Costs Amid Middle East Disruptions
West Asia Crisis Prompts Calls for India Energy Diversification
India Faces Oil Shock as Hormuz Alternatives Come Under Pressure
Oil Stocks Rise as Brent Crude Nears $100 Amid Tensions
ONGC Chairman Race Narrows To Seven Final Interviewees
ONGC Plans ₹1 Trillion Deepwater Push, Trading Unit
Indian Refiners Cut Russian Oil Purchases, Seek Supplies Elsewhere
