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

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

Trade & consumers want MDR free digital payments: CAIT

Apparel/Garments | On 12th Dec 2017

Trade & consumers want MDR free digital payments: CAIT

Transaction charges like the merchant discount rate (MDR) applicable...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

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

Urs Stalder
Sanitized AG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search