Why did Indian Oil Corp cancel its planned lifting of Iraqi oil from Basrah Oil Terminal?

Indian Oil Corp cancelled the lifting of Iraqi oil from Basrah Oil Terminal 'due to increased risk and attacks on some vessels transiting through the Strait of Hormuz', as stated by three sources familiar with the matter.

Which other Indian refiner also cancelled an Iraqi oil lifting, and what vessel was involved?

Mangalore Refinery and Petrochemicals Ltd (MRPL.NS) also cancelled plans to lift oil from Iraq, using the Indian-flagged Aframax tanker Desh Gaurav, according to the same sources.

Indian Oil Corp Cancels Iraq Oil Lifting Amid Attacks, Sources Say

Jul 21, 2026

Indian Oil Corp and MRPL cancelled Iraqi oil lifts due to security risks in the Strait of Hormuz. India advised against deploying seafarers as geopolitical tensions disrupt global energy transit routes.

reuters

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FAQ