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MRPL denied reports of shutting down parts of its 300,000-barrel/day refinery due to feedstock shortages amid the Middle East conflict.
MRPL has denied shutting its refinery due to feedstock shortages amid the ongoing war. (Representational Image)
The Mangalore Refinery and Petrochemicals Limited (MRPL) has denied reports of shutting down operations due to feedstock shortages as part of the ongoing war between US-Israel and Iran in the Gulf.
In an official statement, MRPL said it had come across a social media post claiming that the India-controlled refiner had begun shutting down parts of its 300,000-barrel/day refinery due to feedstock shortages amid the Middle East conflict.
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“In this regard, we hereby clarify that MRPL denies the aforesaid rumour/tweet, which is factually incorrect and hereby confirms that MRPL is operating normal and it has lined up adequate quantities of crude oil to sustain operations,” it said.
This came as Asian refiners are struggling to secure prompt replacement crude cargoes, as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows. The Strait of Hormuz is a conduit for about a fifth of crude consumed globally. However, the Iranian paramilitary said it would take control of the waterway after the US-Israeli strikes on February 28.
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Reuters had earlier reported, citing sources, that MRPL shut down the 100,000-barrel-per-day crude unit and secondary units, including a hydrocracker, at its complex in Karnataka from Wednesday evening. The refiner, which stopped buying Russian oil late last year, is mostly dependent on oil purchases from the Middle East.
Meanwhile, crude oil prices surged sharply after US President Donald Trump demanded what he described as “unconditional surrender” from Iran, raising fears of a prolonged conflict that could disrupt global energy supplies.
Crude Oil WTI futures were trading 12.2 per cent higher at $90.90 at the time of filing this report. The benchmark has recorded its biggest weekly gain since April 2020, according to reports. The spike comes amid escalating tensions in the wider West Asia region, with analysts warning that the conflict could create sustained volatility in global oil markets and eventually impact energy-importing economies such as India.
However, the United States allowed a temporary 30-day waiver to allow Indian refiners to purchase Russian oil amid concerns of disruptions in energy supplies. The move came as the US seeks to stabilise global energy markets amid rising tensions in the Middle East.
Several major oil supply units, such as Saudi Aramco’s Ras Tanura refinery and Iraq’s Rumaila oil field, were struck amid the conflict that began last week between Iran, Israel and the United States.
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March 07, 2026, 3:44 PM IST
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