Indian Oil creates new record in crude processing

07 Apr '08

3 min read

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.

More Indian Oil Corporation News... More Textiles News - India...