Home / Knowledge / News / Textiles / Indian Oil creates new record in crude processing
Indian Oil creates new record in crude processing
07
Apr '08
IndianOil refineries have achieved a new record of crude processing during the year 2007-08. IndianOil refineries scaled thruput of 47.4 MMT registering a growth of 7.7 % in crude processing over the last year.

Expressing happiness over the all-round wonderful performance, Shri B N Bankapur, Director [Refineries], IndianOil said that the refineries have made all efforts to achieve the new feat of more than 100% capacity utilization in last eight years.

During the year, Barauni, Gujarat and Panipat refineries of the country's leading Fortune –500 Company, achieved highest-ever crude throughputs of 5630 TMT, 13709 TMT and 12823 TMT , respectively.

IOC Refineries achieved record overall production of LPG [1627 TMT], MS [4300 TMT], ATF [2135 TMT] , SKO[3775 TMT] , HSD[19510 TMT] , LAB [133.0 TMT] and Bitumen [2212 TMT] in 2007-08 , Mr Bankapur said.

In the competitive business market, emphasis was given to improve gross refinery margins and in order to achieve the same, IndianOil Refineries processed highest ever High Sulfur crude oil in 2007-08 which was 63.3% of the total imported crude oil.

Barauni, Gujarat, Mathura and Panipat refineries have improved upon their High Sulphur crude processing. Similarly, IOCL Refineries processed highest ever heavy crude oil in 2007-08 to the tune of 12% of the total imported crude.

Talking about energy conservation efforts of the company Mr Bankapur said that our committed efforts towards efficient energy conservation have resulted in reduction of overall energy consumption to 67 MBTU/BBL/NRGF (MBN) during 2007-08 against the earlier lowest of 71 MBN in 2006-07.

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search