Essar Defers Refinery Shutdown to September-October
OREANDA-NEWS. March 29, 2011. Essar Group has deferred a shutdown of its 280,000 barrels per day (bpd) domestic refinery to help out state-run customers running short of diesel as
"Events in the Middle East and
State-run Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have already deferred their shutdown plans, while Indian Oil (IOC) is willing to do so to meet local fuel demand. Asia gasoil cracks on March 17 surged to a two-and-half year high of USD
Nayyar said the deferral would not impact the timing of its expansion of the refinery. The shutdown of the Vadinar refinery is aimed at raising capacity to 360,000 barrels per day from around 280,000 bpd and increasing the complexity of the plant to process more ultra heavy and heavy crude oil and to produce Euro V-compliant fuel for exports. The firm also plans to carry out routine maintenance work during the shutdown.
Комментарии