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, the company said in its press release.
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.