MRPL to set up a Petroleum Terminal at Mauritius
ONGC subsidiary MRPL has entered into a Memorandum of Understanding with STC Mauritius and IndianOil, to set up a Petroleum Terminal at Mauritius. This Joint Venture Terminal, to be constructed with an investment of around USD 130 million, will facilitate re-exporting of Petroleum Products from Mauritius to Indian Ocean Islands and Mainland Africa, thereby making Mauritius into a petroleum hub, besides enhancing the oil supply security status of Mauritius.
Currently, MRPL exports about 1.2 MMTPA of Petroleum Products to Mauritius through STC-M. MRPL has been successfully supplying the total fuel requirement of Mauritius through the STC-M since 2006.
The MoU was signed on December 1, 2014 by General Manager (TS: Inspection & Engineering) Mr. Krishna Hegde, in the presence of Group General Manager (i/c Finance) Mr. P S Ravindran, in presence of Honourable Minister of Industry, Commerce and Consumer Protection – Government of Mauritius Cader Sayed-Hossen, High Commissioner of India in Mauritius His Excellency Mr. Anup Kumar Mudgal and other dignitaries from STC-M, IndianOil, MRPL and Ministry of Industry, Commerce and Consumer Protection, Government of Mauritius.
Source: ONGC Videsh