Renewal STC-MRPL Agreement

10 years, 11 months ago - May 14, 2013

The State Trading Corporation (STC) has decided to extend its agreement to supply petroleum products to the Indian company, Mangalore Refinery and Petrochemicals Ltd (MRPL) for the next three years.

In this context, both parties must ratify the new contract in Port Louis shortly. The current supply with MRPL contract expires on July 31.

Since 2006, MRPL is the only provider of Mauritius in terms of petroleum products. At the Ministry of Commerce, we justify this decision by saying that the Indian refinery proved so far to be a reliable supplier. However, the opposition is denounced "a lack of transparency around this deal," and insists on launching an international call for tenders.

In 2012, Mauritius has imported more than 1.3 million tons of petroleum products such as gasoline, diesel and heavy oil, which represents an increase of 15% compared to 2011.

On the other hand, both parties are actively engaged in discussions concerning the construction of an oil terminal in the port area. The MRPL has expressed interest in being part of this project, estimated at Rs 6 billion. This terminal should, according to the Minister Cader Sayed-Hossen, make Mauritius a 'Petroleum Hub' in the region. Initially, investments to the tune of Rs 1.3 billion are planned.

Text by Le Matinal

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