Three trade sources familiar with the agreement said the state-run Mangalore Refinery and Petrochemicals Limited (MRPL) purchased one million barrels of Russian Urals oil for loading in May via a tender, a rare purchase spurred by the discount provided due to the Ukraine crisis.
Since Russia's invasion of Ukraine on February 24, refiners in India, the world's third largest oil importer and user, have been picking up Russian oil through spot tenders, taking advantage of significant discou...
