Mangalore Refineries: The Iranian Source May Dry Up

Blame the insurance companies refuse to cover now operating refineries with crude from the Islamic Republic of Iran, subject to a financial embargo by the international community because of its nuclear development program. This financial embargo aims to deny any coverage for tankers carrying Iranian crude.

Mangalore Refineries and Petrochemicals Ltd (MRLP), second importer of Iranian crude to India after Essar Oil could stop all Iranian imports. Indian refiners would seek the advice of central India for this purpose. "The Indian insurers fear to be on the blacklist in the United States and Europe, they continue to cover the risks of Iranian oil," says a source at Press Trust of India.

Iran remains one of the leading suppliers of black gold of the Great Peninsula. The amount of trade amounted to U.S. $ 15 billion annually. New Delhi How can he compensate for the loss of Iranian crude oil imports? Nobody knows yet ...

Recall that the Indian Mangalore Refinery provides the bulk of the supply petroleum products to Mauritius, through imports of the State Trading Corporation. And this is not the first time that the difficulties are the refinery fear an interruption in our Supplying petroleum products.

Already in April 2012, the Minister of Industry and Commerce, Cader Sayed Hossen, had assured him that the Indian company has guaranteed the supply of petroleum products in Mauritius will not be disturbed. "There is a contract between the STC and Mangalore, a company controlled by the Indian state. This gave clear instructions to Mangalore so that there is no break for the supply of oil in Mauritius, "explained the Minister on Radio Plus.

In case Mangalore could no longer provide the country petroleum fuels, Mauritius will have to find other sources of supply not to be dry.