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

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

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...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search