Mangalore Refinery and Petrochemicals Limited — Updates, 15-02-2025: Press Release

ONGC, SOCAR, and Mangalore Refinery & Petrochemicals Limited (MRPL) have signed a Tripartite Memorandum of Understanding to strengthen energy cooperation, unveiled during India Energy Week 2025 in New Delhi. This strategic MoU aims to enhance collaboration through the mutual supply and trade of crude oil, LNG, and petroleum products among the involved entities. The agreement establishes a robust framework for engagement, facilitating discussions, information sharing, and exploring trade opportunities. It also focuses on assessing viable projects and optimizing supply chain strategies to enhance commercial sustainability and operational efficiency. Each party retains responsibility for its commitments, maintaining a flexible, non-binding cooperation model while fostering long-term synergy in the global energy landscape.