Wednesday 22 April 2015

Indian refiners process 1.3 pct less oil in March y/y – govt

In Oil & Companies News 22/04/2015

Shandong_teapots_refinery
Indian refiners processed 1.3 percent less oil in March from a year earlier at about 19.33 million tonnes, or 4.57 million barrels per day (bpd), preliminary government data showed.
The data included estimated crude processed by Reliance Industries Ltd’s 580,000-bpd export-focused plant.
Reliance’s two refineries in Jamnagar in western Gujarat state account for about 30 percent of India’s refining capacity.
In the fiscal year to March 31, the refiners processed 4.48 million bpd oil, an increase of about 0.4 percent from 2013/14.
The country’s oil output in March rose 1.7 percent to about 763,000 bpd, or about 3.23 million tonnes while during the fiscal year crude production declined 0.9 percent to average about 759,000 bpd.
Natural gas output last month dipped 1.5 percent to about 2.88 billion cubic metres (bcm)
and it declined by 4.9 percent in April 2014-March 2015 to 33.66 bcm, the data showed.

Source: Reuters (Reporting by Nidhi Verma in NEW DELHI; Editing by Anand Basu)

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