In a simple ceremony held at Tannirbavi, Mangalore, Dr Veerappa Moily, Hon’ble Minister for Petroleum & Natural Gas, GoI, dedicated MRPL’ s (Mangalore Refinery & Petrochemicals Ltd) Single Point Mooring (SPM) and allied facilities to the Nation.

Mangalore Refinery & Petrochemicals, a Schedule A ONGC subsidiary, set up the SPM in the high seas, 16 kms off the Tannirbavi coast, alongwith a coastal booster pumping station at a cost of over Rs1000 crore. This buoy in the high seas will enable MRPL to ship in crude parcels on Very Large Crude Carriers (VLCC) which will provide freight economies and also optimize on logistics. This will also help MRPL to source West African and Latin American Crudes which provide cost advantages.

Additionally, ISPRL, (Indian Strategic Petroleum Reserve Ltd) who have their underground caverns at Mangalore and Paddur will also benefit from this facility.

The Dedication function was attended by Sri B Ramanath Rai Dist. In-charge Minister,D.K. Karnataka, Shri Nalin Kumar Kateel, MP, Shri Mohiuddin Bava, MLA Mangalore City (North)and other invited dignitaries