Indian refiners processed 3.39 million barrels per day (bpd) of crude oil in February, when refining margins for simple Asian refiners rose to $1.84 from $1.78.
State-run refiners processed 2.5 percent less crude oil in February compared with a year ago, while Reliance Industries Ltd (RELI.BO: Quote, Profile, Research) increased output by 9 percent and Essar Oil processed 9.8 percent more crude oil than in February last year.
For a table of February refinery output, see [ID:SGE62O0CG]
State-run Mangalore Refinery and Petrochemicals Ltd (MRPL.BO: Quote, Profile, Research) shut a diesel unit towards end-February.
A third of the 190,000 bpd Manali refinery of Chennai Petroleum Crop was shutdown in February to raise its capacity by 20,000 bpd and revamp some units to produce cleaner fuel. [ID:nSGE62F08T]
State-run refineries operated at 112 percent of their declared capacity in February, down from about 115 percent a year ago, while private refiners increased capacity utilisation to 117 percent from 107 percent.
India's refinery output has grown year-on-year every month since last August, after recording monthly annual declines since November 2008.
India's natural gas output rose 72.6 percent to 4.22 billion cubic metres, helped by Reliance Industries's production from its deep-sea field, which started pumping gas last year.
Source:http://in.reuters.com/article/domesticNews/idINSGE62O09220100325
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