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India reports monthly decline in refinery runs

12.25.2012  | 

Refinery runs were down 3% from the previous month. However, throughput rose 6.6% on year, and was ahead of the government's target of 14.93 million tons, the data showed. The government didn't give any reasons for changes in the output. The data are based on production from 20 refineries.

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By RAKESH SHARMA

NEW DELHI -- India's oil refineries processed 15.38 million metric tons, or 3.76 million bpd, of crude oil in November, down 3% from a month earlier, government data showed Tuesday.

However, throughput rose 6.6% on year, and was ahead of the government's target of 14.93 million tons, the data showed.

The government didn't give any reasons for changes in the output.

The data are based on production from 20 refineries.

They don't include production at the second of Reliance Industries' two refineries in Jamnagar in Gujarat state and a joint venture facility at Bathinda in Punjab state between Hindustan Petroleum and the Lakshmi N. Mittal group.

The second refinery of Reliance can process 580,000 bpd, while the Bathinda facility has a capacity of 180,000 bpd.

Eight refineries of Indian Oil, the country's largest listed company by sales, processed 4.76 million tons, or 1.16 million bpd. That recorded 2.3% growth from October.

Runs at Reliance's 660,000-bpd first refinery fell 3.5% on month to 2.96 million tons, or 723,267 bpd.


Dow Jones Newswires



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